Basics
Liabilities under the Companies Act
The following duties and liabilities have been imposed on the directors of companies under the Companies Act −…
August 27, 2021 · Taylor EmmaAuthor: Taylor Emma
A senior editor for The Mars that left the company to join the team of SenseCentral as a news editor and content creator. An artist by nature who enjoys video games, guitars, action figures, cooking, painting, drawing and good music.
Basics
Liabilities of Directors
The liability of directors to the company arises under few circumstances. Breach of Fiduciary Duty A director will…
August 27, 2021 · Taylor EmmaBasics
General Duties of a Director
A director must fulfils the following general duties − Duty of Good Faith The directors should act in…
August 27, 2021 · Taylor EmmaBasics
Duties of Directors
Directors are held responsible for the company’s compliance with the law. These duties are normally delegated to a…
August 27, 2021 · Taylor EmmaBasics
Powers of Directors
The powers of the directors are normally written in the articles of association of the company. The shareholders…
August 27, 2021 · Taylor EmmaBasics
Business Law – Directors
Directors, as the word suggests, are a special group of people who direct the company. The directors give…
August 27, 2021 · Taylor EmmaBasics
Buy-back of Shares
Buy-back of shares refers to the buying of sold shares. In case of buy-back, the company buys the…
August 27, 2021 · Taylor EmmaBasics
Transfer & Transmission of Shares
Transfer of shares is a voluntary act. It is the phenomenon of transferring the ownership of one shareholder…
August 27, 2021 · Taylor EmmaBasics
Equity Shares
As per section 85(2) of the Companies Act, 1956, equity shares are defined as the shares, which do…
August 27, 2021 · Taylor EmmaBasics
Types of Preference Shares
The important types of preference shares are as follows − Cumulative Preference Shares If dividend is not paid…
August 27, 2021 · Taylor Emma