The nominal value of the qualification shares of a director must not exceed.

Related MCQs

• Except with the approval of the central Government, remuneration of a whole time director or a managing director shall not exceed …………… of the net profits for one such director.
• The office of the director becomes vacant if he fails to obtain his qualification shares within …………..months.
• Under section 269, every public company and a private company which is a subsidiary of a public company must have a managing director or a whole time director if its paid-up share capital is.
• The number and nominal amount of shares allotted must be stated in……
• The remuneration payable to a whole time director of the company should not exceed.
• As per Sec.274, a person shall not be appointed as director if he is found to be of unsound mind by………
• According to sec 297, a director shall not enter into any contract with the company except with the consent of ……..
• The statement in lieu of prospectus must be filed with the registrar at least ………before any allotment of shares is made.
• An act of a director which is intra vires the Memorandum and ultra vires the Articles of Association.
• A person is disqualified from being appointed as a director of a company if.