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Company Law

This document discusses provisions under Company Law relating to liability of directors. It states that directors can be held liable for losses caused by their wrongful acts or omissions. The law aims to ensure directors act with reasonable care, skill and diligence. Directors also owe fiduciary duties to the company and must avoid conflict of interest situations. The document notes some defenses available to directors if they can prove they acted honestly and reasonably.

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Sri Mugan
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68 views7 pages

Company Law

This document discusses provisions under Company Law relating to liability of directors. It states that directors can be held liable for losses caused by their wrongful acts or omissions. The law aims to ensure directors act with reasonable care, skill and diligence. Directors also owe fiduciary duties to the company and must avoid conflict of interest situations. The document notes some defenses available to directors if they can prove they acted honestly and reasonably.

Uploaded by

Sri Mugan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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