![]() ![]() If any director is willingly kept in dark about the company’s affairs or deprived of participating in any decision of the Company or monitoring the affairs of the Company, it will be a grievous violation of the right of the Director. A company is not a One-Man Army institution rather all the directors are required to work as a body to ensure the smooth functioning of the Company. So, if the Company is run arbitrarily by other directors, what shall be the step of the aggrieved director to protect his right as a director?Ĭhapter IV of the Companies Act, 1994 has provided several instructions as to the duties, qualifications, penalties, power & limitations of the Directors. ![]() Similarly, participating in decision-making & discharging duties are considered the right of the Directors. Hence, a joint & collective performance of the Directors in Company affairs is the key to running a company smoothly. ![]() Since Company works as an association of the people, the directors of a company perform, discharge duties, and make decisions collectively & jointly for the betterment of the Company. Therefore, Directors are considered the driver of a Company who accelerate the wheels of the Company. From conducting daily operational tasks to significant strategic decisions of the companies are taken by the Directors. Although Company has its own legal identity & separate personality, it represents an association of people & Directors are the key components of the Company. This is a separate legal entity which is separate from its Directors and Shareholders. A Company is considered an Artificial Person created by law. ![]()
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