Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hasina was the director of a private company. She did not take part in the management of the company apart from signing the annual returns.
Hasina was the director of a private company. She did not take part in the management of the company apart from signing the annual returns. The company borrowed loan and entered credit transactions with its suppliers, all documents being signed by Hasina. The company became insolvent, and the creditors are suing Hasina in order to recover the debts owed by the company.
Required:
With reference to Companies Act of Fiji 2015, whether Hasina can be held liable for the company's debt.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started