Presentations text content in DIRECTORS –APPOINTMENT,POWER AND LEGAL POSITION
Slide1
DIRECTORS –APPOINTMENT,POWER AND LEGAL POSITION
Slide2
DIRECTOR
A DIRECTOR IS A PERSON WHO IS RESPONSIBLE FOR DIRECTING OR CONTROLLING THE POLICY OR MANAGEMENT OF A COMPANY.
Slide3BOARD OF DIRECTORS
The ‘BOARD’ is the apex governing body of a company. A company board is its ‘brain’, all the companies actions are planned by its Board.
Slide4Qualification of Directors
A director must acquire the qualification shares.
A director must give written consent.
Only individuals can be directors.
Slide5Number of Directors
A public company shall have at least three directors.
Every other company shall have at least two directors.
Slide6Appointment of Directors
By the Signatories of Memorandum of association
By the Shareholders in the General Meeting
Appointment by Board of Directors
Appointment by Proportional Representation
Appointment by Third Parties
Appointment by Central Government
Slide7Legal Position of Directors
Directors as a Trustee
Directors as Agents of Company
Directors as a Managing Partner of the Company
Directors as an Officer of the Company
Directors as an Employee of the Company
Slide8
Vacation of Office by Directors
On not Taking Qualification Shares
On being Adjudged of Unsound Mind
On being Adjudged as Insolvent
On being Imprisoned
On Removal from Office
On becoming Disqualified
Slide9Powers of Directors or Board of Directors
General Powers
Inspect the books of account of the company
Issue notices of the company’s meetings
Receive his remuneration
Attend the meetings of the company’s Board of Directors
Specific Powers
Issue debentures
Invest the funds of the company
Make loans on behalf of the company
Slide10Duties of Directors
Inspecting the Prospectus
Signing the Prospectus
Presenting the Annual Statement
Holding the Statutory Meeting and Forwarding the Statutory Report
Convening of General Meeting
Declaring and Paying Dividend
Presenting the Annual Accounts
Sending Copies to Registrar
Slide11Liabilities of Directors
Liability Towards Company
Liability of
Ultra- Vires
Acts
Liability for Negligence
Liability for Fraud
Liability Towards Outsiders
Liability for
Ultra-
Vires Acts
Liability as Agents
Liability in Relation to Allotment
Slide12Thanks…
DIRECTORS –APPOINTMENT,POWER AND LEGAL POSITION
Download Presentation - The PPT/PDF document "DIRECTORS –APPOINTMENT,POWER AND LEGAL..." is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.