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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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