Business Studies

The share which a director must buy as a condition for this directorship is called _______________.


ANSWER

Qualification share


SOLUTION
Qualification shares are those which a Director is required to hold in order to be eligible as a Director. The Articles of Association of a company generally prescribe for such qualifications.
Equity Share is the portion of the capital of a company which is paid-up by a shareholder. Equity shareholders are the owners of the company.
Ordinary shares indicate the basic equity ownership of the company. They allow the investors to cast their vote, and to receive dividends.
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Single Correct Medium Published on 18th 08, 2020
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