Asset audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 December 2010
can company held the assets like car in the name of director??
plz give ur opinion and provide me reference for the same.
plz give ur opinion and provide me reference for the same.
08 December 2010
The company cannot hold its assets in the name of director as it's a separate legal entity capable of acquiring assets in its own name. The directors are appointed by the shareholders to manage the affairs of the company and stand in a fiduciary position to the company.
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 December 2010
thanx.. cn u give me any reference at which i cn found the said wordings.?
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