Ritzz (CA Final - Article ) (365 Points)
18 August 2013Please provide necessary guidance for the following query :
Are the Illegal acts done by an Alternate Director (which ultimately harm the company and its interests) would be binding on the Original Director or the Alternate Director (who has been appointed in place of the Original Director?
Regards
AMIT MISHRA
(Legal Professional)
(393 Points)
Replied 19 August 2013
Hi Rohan,
The actual director can in no way be held liable for acts of person appointed in his place. So he is not liable. Though indirectly the actual director can be held liable for acts of the Company.
regards
Amit Mishra
CAclubindia
