Company Affairs (CS) Question:
Please tell me statutory duties of directors?
Answer:
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.
★ 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.
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