...fiduciary capacity. They perform acts and duties for the benefit of the company. Thus, directors are agents of the company to the extent they have been authorized to perform certain acts on behalf of the...ignored by learned counsel for the petitioner.23. Directors of a company are referred to as agents of the company in the context of their fiduciary duty to the company and therefore if.... Therefore, a company has to act through a living human being. Collectively, decisions on behalf of the company, are taken by the board of directors of a company. An individual director has no power to...

.... This is a clear proposition of law. The directors are agents of the company, viz., all the share-holders who constitute the company, and therefore, stand in the same position as an agent fo the...recovery, inter alia, of a sum of Rs. 551. He was one of the directors of the defendant company who are now appealing in this Court. In paragraph 2 of the plaint, the respondent says...should select other directors for the said company and perform all the work in connection with the registration and promotion of the said company. As regards remuneration for this work, it was settled...

...these non - resident directors are agents of the company incharge of the management of the land or building, (t is not also their case that they bave wilfully connived at the offence against the...head office is at calcutta and its branch at visakhapatnam, it is running a mini steel plant at visakhapatnam. A - 7 and a - 10 to a - 14 are its directors. A - 7 is a resident director and the power of...attorney bolder of the company. A - 10 to a - 13 are non - resident directors. They are residing at calcutta. A - 14 another director was a resident of visakhapatnam, but he died after the complaint...

...vis- a-vis the company they act in a fiduciary capacity. They perform acts and duties for the benefit of the company. Thus, directors are agents of the company to the extent they have been authorized...with money." 9. Hence, the directors of the company are agents, trustees or representatives of the Company. Under Section 230 of the Indian Contract Act, unless an agent...juristic person. Therefore, a company has to act through a living human being. Collectively, decisions on behalf of the company, are taken by the board of directors of a company. An individual...

...there is no allegation that the persons whose names are mentioned in the application are in charge of and are responsible for the conduct of the business of the Company. So far as the Directors are concern...is to be summoned or all the Directors are to be summoned. On 27-9-76, the case was registered only against the vendor Shri Satyanarain and the Salesman Shri Maganlal, whose name was subsequently...allegation that the accused 3 is the Manager of accused 2 and accused 4 to 7 are the Directors of accused 2 and as such, they were in charge of and responsible for the conduct of business of accused...

...therein does not include Directors in view of S. 2(e)(1) of the Act.But it cannot be disputed that the Directors are agents of the company, particularly in such cases where there is no...Board of Directors jointly and, accordingly, they are jointly liable. The company did not produce any minute book of resolution in spite of requests. He visited the company on several occasions. He...access to the account books. They have ultimate control over the establishment. Admittedly all Directors are equally responsible to the company.”Accordingly, he held that Directors were...

...as to the ratio laid down that company is a juristic person and that the directors are agents of company to the extent they have been authorised to perform certain acts on behalf of the company...and 5 are stated to be the Chairman, Managing Director, and Directors respectively of the defendant No. 1 company.4. The plaintiff claims that he was appointed as Sales Executive in the...brain and nerve centre which controls what it does. It also has hands which hold the tools and act in accordance with directions from the centre. Some of the people in Company are mere servants and agents...

...”.7. In Palmer's Company Law, 20th Edn., it is stated at p. 517:“Directors are not only agents but they are in some sense and to some extent ...Selborne observed:“The directors are the mere trustees or agents of the company, trustees of the company money and property-agents in the transaction which they enter...follows:“Directors are called trustees. They are no doubt trustees of assets which have come into their hands, or which are under their control...

...fact vis-a-vis the company they act in a fiduciary capacity. They perform acts and duties for the benefit of the company. Thus, directors are agents of the company to the extent they have been...petitioner. 23. Directors of a company are referred to as agents of the company in the context of their fiduciary duty to the company and therefore if they derive any personal benefit...% p.a.. Defendant nos. 2 to 4 are Directors of the Company, who stood as Guarantors in their personal capacity. Defendant no. 5 is mortgagor of the property situated at Flat no. 626...

...publication, if any, was done with mala fide intention. The directors are agents of a company and are liable to be prosecuted. The language of sections 409 and 418 of IPC are important and without...trial it cannot be ascertained at this stage whether there are elements of alleged offence of cheating or not. The directors are representatives of shareholders and the directors intentionally caused...the office of the Deputy Commissioner (Detective Department), Lalbazar on 27.8.01 He contended that provisions of section 157(1)(b) and provisions of section 159 of Cr. PC are...

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...assets. Assuming that this State management was imposed in the interests of the shareholders themselves and that the statutory directors are acting as the agents of the company, the possession of the...:“It is, however, urged by the learned Attorney-General that the mills and all other assets now in the possession and custody of the new directors who are only servants or ...which the directors have been brought into existence and are exercising powers by virtue of the provisions of the Ordinance. If they are not the validly appointed agents of the company qua the company...

...correct position of a director has been settled by Romer, J. when he said that the Directors are agents of the company and are in fiduciary relationship to their principal company. The duties of good...draft report and in the course of auditing, they came across certain things for which they want the explanation of the Directors who are liable to render the same and arc not offering explanation. By.... For the purpose of the present direction, it was assumed that those who object to the summons were the Directors of the company because it is in their capacity as Directors that they are being called...

...directors….”It is further stated in Palmer that:“Directors are, in the eye of the law, agents of the company for which they act, and...incorporated under the Companies Act. Accused 2 and 3 are its Directors. They are in charge of and responsible to Accused 1 for conduct of business of Accused 1 Company. They are jointly and severally liable...thus:“A company can only act by agents, and usually the persons by whom it acts and by whom the business of the company is carried on or superintended are termed...

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...the company or its board of directors or may be even working against its interests.8. It cannot be disputed that a company and the directors of the company are different...legal personalities. The company derives its powers from the memorandum of association. Some of the powers are delegated to the directors. For certain purposes they are said to be trustees and for some...others to be the agents or managers of the company. It is not necessary in this case to define the exact relationship of a director qua the company. The acts of the directors within the powers conferred...

...':Shares held by the Directors who are partners in the firm of Managing Agents. Holding of Ordinary shares Shares in the Partnership firm of Mg. Agent's firm...':Shares held by the partners of the Managing Agents firm excluding the holding of the Directors who are also partners as shown above. Holding of Ordinary shares ...Managing Agents are also appointed by the company. The control of the affairs of a company is ordinarily in the hand of the directors of the company but there may be cases in which the Managing Agents, by...

...capacity. They perform acts and duties for the benefit of the company. Thus, directors are agents of the company to the extent they have been authorized to perform certain acts on behalf of the company...that individuals who act as directors of the company are not personally liable for breach of contract by the company unless the directors have executed personal guarantees in favour of the claimant...company, are taken by the board of directors of a company. An individual director has no power to act on behalf a company of which he is a director, unless there is a specific resolution of the board of...

...Court in Govinda Prasad Ladia (supra). It is settled law that directors are agents of the company to the extent they have been authorized to perform certain acts on behalf of the companies. In...(supra) that directors are agents of the company to the extent they have been authorized and permitted to perform certain acts on behalf of the companies and if such act is beyond authorisation, then..., the knowledge of the plaintiff would be from date of execution of deed of conveyance, yet such submissions are not acceptable inasmuch as if certain employees or directors of the plaintiff did...