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NATARAJ PAUL (NIL)     20 August 2014

Is the exe dir conducting business directly/indirectly

My query is as  follows -

     A person  is an executive  director in  a  small  PVT LTD  CO dealing in real estate . Not much info is available to me except that he is not  a shareholder. Most probably he gets a SALARY   . The co has  two  other shareholders. also  directors of the company.

    Is he    " doing  business  directly  or  indirectly "  in LEGAL  TERMS

    Is  he  conducting business  as   a  " PRINCIPAL   or  AGENT "  

 



Learning

 1 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     24 August 2014

Disqualification – of persons to act as a director

  • A Court has declared that person delinquent
  • A juristic person
  • Un-emancipated minor
  • Un-rehabilitated insolvent
  • Prohibited by Public regulation
  • Removed from office of Trust, due to dishonesty
  • Convicted of a crime of dishonesty (theft, fraud etc), without option of a fine
  • Does not meet qualifications as set out in the Memorandum of Incorporation of the company

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