29 07 2019

Director’s liability in a private limited company in India.

LegalWiz Legal private limited company, private limited incorporation, pvt ltd company registration, register a private limited company

The directors control the company’s affairs and act as its agent. A company is a legal person; hence the directors are not personally liable for acting on behalf of it. They have a fiduciary relationship with the company and its shareholders. However, if a director acts beyond his power, he can be held personally liable.

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Shrijay is a co-founder at a leading LegaTech start-up LegalWiz.in, providing simple and affordable solutions to startups, SMEs and individuals. LegalWiz.in helps in Trademark Registration, Starting a Private Limited Company and LLP, Legal Compliances, and Document Drafting.

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Director’s liability in a private limited company in India.

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