Director is different from its co.

This query is : Resolved

CA.VIMAL KUMAR PANJIYAR (Querist)
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10 September 2008 Can anybody provide some case laws holding that interest of co. is separate from its director or shareholders.

this is urgent.

thanks

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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10 September 2008 Why case law? It is obvious; the very fact that directors, individuals and company are separate legal persons is a good enough basis. But I will give following examples to prove my statements.

When a company is in trouble a shareholder is under no compulsion to contribute. They can just leave the company to die.

Whether a company makes profit or loss the MD or WTD can draw remuneration even if the company bleeds!

CA.VIMAL KUMAR PANJIYAR

CA.VIMAL KUMAR PANJIYAR (Querist)
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11 September 2008 but I want atleast one case laws to prove it.

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