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- 5 Marks
Question
Explain briefly whether a share qualification is part of the necessary prerequisites for the appointment as director in a company. (5 marks)
Answer
Reference is to be made to Section 183(1) of Act 179. The said section states that unless the company’s Regulations otherwise provide, it is not necessary for a director to be a member of a company or to hold shares therein as a qualification for his appointment. (5 marks)
- Tags: Company Law, Directors, Share Qualification
- Level: Level 1
- Topic: Company directors and other officers
- Series: NOV 2020
- Uploader: Dotse