Explain the liability of directors towards the company and third parti

Question

Explain the liability of directors towards the company and third parties. Can (6) a director be held liable for criminal liability?

21 Dec 2024

Answer :

Word Count : 341

Under Company Law, directors are fiduciaries of the company, entrusted with the responsibility to act in the best interest of the company and its stakeholders. Their liability can arise in relation to the company as well as third parties, depending on their conduct and the breach of legal or fiduciary duties.

### Liability Towards the Company:
1. Fiduciary Duties: Directors must act in good faith, ______ ________ _____ ________ _______ ____ ___ ____ _____.
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