aSet out truefalse only to the following statements:Marks

Companyis not juristic person but a natural person under our law Marks

Companies may be subsidiaries of another company marks

A Company can operate without a commencement of business certificate Marks

Director appoints Shareholders in a company. Marks

Company Secretaries prepare meetings of directors and shareholders Marks

Employees are mere workers who have no control over the company Marks

Board of Directors may earn a retainer amount instead of a salary? Marks

AGM stand for Annnual General Meeting? Marks

Directors stand in no fiduciary duties toward a company? Marks

NAMRA is a private company? Marks

b A director is at common law subject to fiduciary duties that requires him or her to exercise his

powers bona fide and for the benefit of the company. List and explain the fiduciary duties of a

director? In your answer, refer to the relevant section as well as case law