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LIABILITY OF DIRECTOR

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02 January 2009 PL ADVISE IF A NON-SHAREHOLDER FULL TIME DIRECTOR in a private ltd. co CAN BE HELD RESPONSIBLE AND PROCEEDED AGAINST IN THE COURT OF LAW FOR ANY IRREGULARITY COMMITED IN THE COMPANY AT THE INSTANCE OF OR BY THE CHAIRMAN BE IT FINANCIAL OR OTHERWISE WHEN THIS N/S DIRECTOR SIGNS ALL DOCUMENTS CREATED DURING THE NORMAL COURSE OF BUSINESS AND WORKS AS A GENERAL ADMINISTRATOR BUT DOES NOT OPERATE THE BANKING ACCOUNTS AND DOES NOT TAKE OTHER FINANCIAL DECISIONS.
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CS Vivek Hegde

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CS Vivek Hegde (Expert)
02 January 2009 Mr Sharma

There is no coralation between SHAREHOLDING and DIRECTORSHIP. He can be held responsible for the irregularity commited.
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