Directors and business managers personal
liability: Is law a hindrance to business
decision making ?
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Name
Roll Number
Noble Joseph
PGP/22/236
Vivek Kumar Singh
PGP/22/238
Saswath K R
PGP/22/260
Raghvendra Tolia
PGP/22/276
Marpallikar Rajeshwari Shashikant
PGP/22/280
Saurabh Zoting
PGP/22/411
Companies Act 2013
✘ Ordinarily, a director is not liable for the debts of the company.
✘ Violation of provisions related to :
○ not-for-profit companies (Section 8);
○ subscription of securities on private placement (Section 42);
○ Issue of duplicate share certificates with an intent to defraud (Section
46 (5));
○ Failure to repay deposits within specified time (Section 74 (3));
○ Insider trading (Section 195 (2)).
✘ If a director contravenes certain provisions ,
○ Imprisonment
○ punishable with fine upto INR 1 Cr Rupees
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Independent directors
✘ The Schedule has stipulated 13 different duties to be performed :
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Regularly updating and refreshing the skills, knowledge and familiarity with the
company.
Strive to attend and participate actively in all meetings of the Board and the
committees and general meetings.
Keeping well informed about the company and the external environment in
which it operates.
Not to unfairly obstruct the functioning of a proper board or committee.
To pay sufficient attention and ensure that adequate deliberations.
Not to disclose confidential information, including commercial secrets,
technologies, unpublished price sensitive information.
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Big concept
Bring the attention of your audience over a
key concept using icons or illustrations
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You can also split your content
White
Black
Is the color of milk and fresh snow, the
color produced by the combination of all
the colors of the visible spectrum.
Is the color of coal, ebony, and of outer
space. It is the darkest color, the result of
the absence of or complete absorption of
light.
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In two or three columns
Yellow
Blue
Red
Is the color of gold, butter and
ripe lemons. In the spectrum of
visible light, yellow is found
between green and orange.
Is the colour of the clear sky
and the deep sea. It is located
between violet and green on
the optical spectrum.
Is the color of blood, and
because of this it has
historically been associated
with sacrifice, danger and
courage.
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A picture is worth a thousand words
A complex idea can be conveyed
with just a single still image, namely
making it possible to absorb large
amounts of data quickly.
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Use charts to explain your ideas
White
Gray
9
Black
And tables to compare data
A
B
C
Yellow
10
20
7
Blue
30
15
10
5
24
16
Orange
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Maps
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