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Under Company Law, directors are considered fiduciaries and agents of the company and hence owe a duty of care, diligence, and loyalty. Their liabilities can arise both towards the company and third parties under various circumstances. Liability towards the company: Directors are liable to the company if they breach their fiduciary duties or act negligently. If a director makes unauthorized use of company funds, misapplies assets, or enters into transactions causing loss to the company, _________ _____ ________ _____ ________ _____ ___ _______ ______ ________.
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