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- W1566685144 abstract "The significance of being a officer under new Companies Act, 2008 (Companies Act) has the following principal implications :Prescribed officers are, for the most part, subject to the same duties, standards of conduct and potential personal liability as those applicable to directors;The grounds of disqualification applicable to directors (for instance, being convicted of certain offences) apply equally to the holding of a prescribed office;The remuneration of prescribed officers must be disclosed in the annual financial statements of companies that are required to be audited;Certain transactions between companies and their prescribed officers are regulated, for instance the issuance of shares to prescribed officers, the repurchase by a company of shares from prescribed officers, and financial assistance given by a company to its prescribe officers; andInsurance and indemnification of prescribed officers is regulated." @default.
- W1566685144 created "2016-06-24" @default.
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- W1566685144 date "2011-11-01" @default.
- W1566685144 modified "2023-09-24" @default.
- W1566685144 title "Prescribed officers : company law" @default.
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