When a director does an act which is in excess of his powers and company suffers a loss … is liable to make good the loss

Related MCQs

• Under section 269, every public company and a private company which is a subsidiary of a public company must have a managing director or a whole time director if its paid-up share capital is.
• Except with the approval of the central Government, remuneration of a whole time director or a managing director shall not exceed …………… of the net profits for one such director.
• Where a director acts dishonestly to the interest of the company, he will be held liable for.
• ………. defines the extent of powers of powers of the company.
• A director who is interested in any transaction of the company is bound to disclose his interest to………
• An act of a director which is intra vires the Memorandum and ultra vires the Articles of Association.
• A person is disqualified from being appointed as a director of a company if.
• The remuneration payable to a whole time director of the company should not exceed.
• Who may be appointed as a director of a company?
• According to sec 297, a director shall not enter into any contract with the company except with the consent of ……..