Qualification shares refer to shares of a company that are issued to a select group of people who meet certain qualifications. The term "qualification shares" can have different meanings depending on the context in which it is used. Here are some examples:

• Qualification requirement: In some cases, qualification shares may refer to shares required to be held in a company by any person(s) to satisfy any qualification requirement.

• Eligibility for rebates: In other cases, qualifying shares may refer to the minimum number of fully paid shares in a company required to be held by a transacting shareholder to be eligible for rebates.

• Board membership: Qualifying shares can also refer to the number of shares that a member of the board needs to own to qualify to be on the board of directors of a company.

It is important to note that the meaning of "qualification shares" can vary depending on the context in which it is used.