Answered step by step
Verified Expert Solution
Link Copied!

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 companys debt.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Cost Accounting

Authors: Robert E. Schmiedicke, Edward J. Vanderbeck

11th Edition

0538873426, 978-0538873420

More Books

Students also viewed these Accounting questions