Alternate director

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Ritzz

CA Final - Article

365 Points Joined January 2010

Please 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

Replies (1)

AMIT MISHRA

Legal Professional

393 Points Joined July 2011

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