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Shares that directors must buy so they hold a stake in the company are called:
AQuotation shares
BQualification shares
CQuantitative shares
DQuarterly shares
Answer & Solution
Correct answer: B. Qualification shares
1. The Articles usually require them.
2. They are paid for before business begins.
3. They are qualification shares.
_Source: NCERT Class 11 Business Studies, Chapter 7, Formation of a Company._
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