Liability of the director

shantanu dekhane (Querist) 10 June 2010 This query is : Resolved
In recent issue over Citi group Company director Mr Aniruddha Deshpande has taken part in IPL Bid of Pune team by Using name of his company so whether director can use his co name while acting in Personal Capacity? and What is liablity of the Company in such circumstances, Whether Company is liable to the act of the Director performed in his course of his Personal Capacity?

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Heaven 2011 (Expert) 10 June 2010
Dear Sir as per the companies Act 1956 the company is an absolute seperate entity; though the Company acts through its director being in fuduciary relationship it can never be said that the company is liable for the personal capacity of the director concerned.

Regards,

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