Company law
Querist :
Anonymous
(Querist) 13 January 2012
This query is : Resolved
what is the meaning of accustom to act mean?? please provide some examples
Sankaranarayanan
(Expert) 13 January 2012
It means you have to follow the act even you did not know fully
Sailesh Kumar Shah
(Expert) 13 January 2012
Read Sec 2(30),5,7 of the companies act.
The directors who are in the Board by virtue of their technical skill and professional competence are no different from other directors. [Madan Gopal Dey and Another v State]
Raj Kumar Makkad
(Expert) 14 January 2012
Shailesh has perfectly replied the query representing our common views.
prabhakar singh
(Expert) 14 January 2012
Yes!I too have the same expression as one expressed by Mr.raj kumar makkad
Shonee Kapoor
(Expert) 14 January 2012
Nothing more to add.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
Devajyoti Barman
(Expert) 14 January 2012
Yes I agree with the views above, nothing to differ..
Querist :
Anonymous
(Querist) 17 January 2012
shailesh sir can you please explain in simple terms. cant get your reply.???
Advocate. Arunagiri
(Expert) 17 January 2012
The meaning of Mr.Shah's reply:-
Some of the directors will be on board by share qualification, some other directors will be on board without any share qualification because the company may need their professional services.
In the eye of the law, both the directors are equal. They are having the equal responsibility as directors.
Advocate. Arunagiri
(Expert) 17 January 2012
If you want to know the meaning of accustom to act, please go through the following:-
"director" , in relation to a corporation, includes:
(a) any person occupying or acting in the position of director of the corporation, by whatever name called and whether or not validly appointed to occupy, or duly authorised to act in, the position;
(b) any person in accordance with whose directions or instructions the directors of the corporation are accustomed to act; and
(c) if the corporation has a committee of management, council or other governing body:
(i) a member of that committee of management, council or other governing body;
(ii) any person occupying or acting in the position of member of that committee of management, council or other governing body, by whatever name called and whether or not validly appointed to occupy, or duly authorised to act, in the position; and
(iii) any person in accordance with whose directions or instructions the members of that committee of management, council or other governing body are accustomed to act.
Advocate. Arunagiri
(Expert) 17 January 2012
"officer" includes any director, manager or secretary, or any person in accordance with whose directions or instructions the Board of directors or any one or more of the directors is or are accustomed to act
