Question
Kindly explain all headings and their subheadings. Please don't skip any heading. It is for 100 marks Topic:Directors of Company 1) Introduction 2) Definition 3)
Kindly explain all headings and their subheadings. Please don't skip any heading. It is for 100 marks
Topic:Directors of Company
1) Introduction
2) Definition
3) Mode of appointment of director
i) appointment of first director
ii)subscribers as directors
iii)appointment through shareholders
iv)appointment through creditors
v)appointment against casual vacancy
4) qualification of directors
i)person other than artificial person
ii)a whole time director
iii)a chief executive
iv)a person who represents government or institution or authority
5)Disqualification of directors
i)minor
ii)unsound mind
iii)insolvent
iv)undischarged insolvent
v)convicted
vi)debarred from holding office
vii)betrayed lack of fiduciary behaviour
6) Duties of director
i)prevention of misuse of Capital
ii)payment of dividend
iii)making of policies
iv)constitution of meetings
v)conducting of meetings
vi)prevention of wrong payment
7) liabilities of director
i)criminal liability
ii)liability to company
iii)liability to outsiders
8) conclusion
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