DIRECTORS OF A COMPANY. — SPCC STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceSPCCDIRECTORS OF A COMPANY.4 Marks
Question
"Directors have status of trustee" -Explain the statement.
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Answer
Directors are elected by the company's shareholders. It is administered by the company's assets and funding and administers as a trustee of the Board of Trustees.
That is, the management of the management of the company interests in the interests of the company.
Directors cannot use the company's assets for their personal benefit.
Trustees can claim their name in the trust while the Administrator cannot claim suit in their own name.
Thus, directors are in the company as a trustee. It can be said.
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