What Are The Rights And Duties Of Directors?

1.	What Are The Rights And Duties Of Directors?
Answer» Rights of Directors: Right to participate in the affairs of the company Right to have remuneration Right to compensation. Duties of Directors: Duty of greatest good faith of FIDUCIARY duties. Duty of reasonable care, skill and diligence. Duty to attend Board MEETINGS. Duty to invest Company's MONEY. Duty not to delegate functions. Statutory Duties: To see that all money received from applicants are deposited in a scheduled bank. To call an extra ordinary general meeting when demanded by a valid requisition. To present annual accounts and balance sheet. To forward a statutory report to every member of the company. To call and hold the statutory meeting. To disclose their INTEREST while entering into any transaction with the company. Not to enter into any CONTRACT with the company without the consent of the Board of Directors for the sales, purchase or supply of any goods, materials etc. Rights of Directors: Duties of Directors: Statutory Duties:

Answer»

Rights of Directors:

Duties of Directors:

Statutory Duties:

To see that all money received from applicants are deposited in a scheduled bank.
To call an extra ordinary general meeting when demanded by a valid requisition.
To present annual accounts and balance sheet.
To forward a statutory report to every member of the company.
To call and hold the statutory meeting.
To disclose their INTEREST while entering into any transaction with the company.
Not to enter into any CONTRACT with the company without the consent of the Board of Directors for the sales, purchase or supply of any goods, materials etc.

Rights of Directors:

Duties of Directors:

Statutory Duties:

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