CHECK THESE SAMPLES OF Directors Legal Liabilities
In the recent past, many occurrences have revealed the lack of ethical concerns, and the discrepancies persisting in the directors' performances of listed companies owing to which the companies have been witnessing increasing pressure from the community including the media and even the politicians with relation to their ethical commitment and ‘green' initiatives.... It is in this context that Section 172 of the Companies Act 2006 tends to play a major role in directing the roles and the responsibilities of the directors to preserve the success and the interests of the corporate being treated as two separate entities....
8 Pages
(2000 words)
Essay
This paper stresses that the concept of separate legal personality is the basic principle in the UK Company Law.... In simpler words, a company or corporation is just like an individual human being and is created for official and legal purposes.... The law has recognized the company as a distinct legal entity because it gives the owners the capacity to enjoy limited liability and the risk for their investment in shares and stock.... Since the company had its legal personality, the debts belonged to the company alone....
7 Pages
(1750 words)
Assignment
hellip; Step 2: Relevant Law According to the company law ACT (124) a company is a separate legal entity which is bound for all liabilities and wrongs; it can be sued or can sue in the position of separate legal body.... Contents PART A 2 Step 1: Identify legal Issue/s 2 Step 2: Relevant Law 2 Step 3: Apply the Law 3 Step 4: Conclusion 3 PART B 4 Step 1: Identify legal Issue/s 4 Step 2: Relevant Law 5 Step 3: Apply the Law 6 Step 4: Conclusion 7 PART C 8 Step 1: Identify legal Issue/s 8 Step 2: Relevant Law 8 Step 3: Apply the Law 10 Step 4: Conclusion 11 PART A Step 1: Identify legal Issue/s The legal issues in the mentioned case relate to the extent of compliance requirement of Minco NL with the company's constitution and the proper process to amend it....
10 Pages
(2500 words)
Essay
According to the section 2(13) of the companies Act, 1956 "director means any person occupying the position of directors by whatever name he is called.... Again, any person in accordance with whose directions or instructions, the board of directors of a company is accustomed to act is deemed to be a director of the company.... Speaking about the importance of directors, Neville J.... (1910) that the board of directors are the brain of a company, which is the body and the company can and does act only through them....
11 Pages
(2750 words)
Essay
nbsp; Companies Act 2006 has codified the duties of directors and has included these duties in the relevant sections.... While Section 170 lays down the scope and nature of general duties Sections 171 to 177 and section 182 lays down the specific duties of the directors.... The duties covered under these sections are made to replace the common law rules and equitable principles on which the duties of directors are based earlier.... nbsp; Under section 171 the directors have a duty to act within the statutory powers granted to them....
6 Pages
(1500 words)
Essay
According to the court in the case of Harlowe's Nominees Pty v Woodside, proper purpose, in this case, means legal and moral intentions that are beneficial to the company.... The paper describes the Board of directors of the corporation.... By virtue of its position in the company, the Board of directors has direct control over the affairs of the company.... hellip; the Board of directors has powers over the affairs of the corporation, these powers are not absolute....
10 Pages
(2500 words)
Research Paper
Had the director put into consideration the act of good faith, the company would not be at Cases of Directors' liabilities The first case is the Lower v.... Corporate Governance and Directors' liabilities: Legal, Economic and Sociological Analyses on Corporate Social Responsibility.... Directors' liabilities in Case of Insolvency.... The Director's Handbook: Your Duties, Responsibilities and liabilities.... A Desktop Guide for Non-profit directors, Officers, and directors....
2 Pages
(500 words)
Essay
A director is any person who occupies the position of an executive administrator of a company acting as a trustee or an agent to the company as a legal autonomous entity.... Enshrining the regulations as law in spelling the director's duties, is meant to formulate a favourable corporate legal environment that offer ease of access to the corporate form, minimum interference with the company management and appropriate investor protection for the overall success of the company (Companies Act 2006, Section 170-177)....
4 Pages
(1000 words)
Essay