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You must note that the company's directors lose their powers after a liquidator's appointment. However, a liquidator can allow the directors to use their powers.
(2) On the appointment of a liquidator, all the powers of the directors cease except so far as the liquidator, or the company in general meeting with the consent of the liquidator, approves the …
Application for Leave of Court to Act as Director ........................................................ 12. 6.1. Provision and Improvement of Director’s Emoluments ............................................... 13. 6.2. …
Directors’ powers generally cease upon the appointment of a liquidator, as provided under Section 450 (6) of the Companies Act 2016, unless expressly preserved by statute or with the court’s …
Yes. There is no automatic prohibition on a director of a company that enters liquidation holding another, or many other, directorships. However, one may be banned from being a director for a …
4 thg 10, 2024 · Once the liquidator is appointed, all the powers of the directors of the company cease to exist, unless the liquidator approves the continuance of those powers.
When a company is being wound up, the company’s business ceases to operate and its assets and affairs are handed over to an independent liquidator whose powers, duties and functions …
The automatic disqualification regime for directors convicted of offences involving fraud or dishonesty should be retained in the Companies Act, and directors so disqualified should be …
(1) In favour of a person dealing with a company in good faith, the power of the directors to bind the company, or authorise others to do so, is deemed to be free of any limitation under the …
26 thg 6, 2024 · Are you looking for a legal guide for company directors and CEOs in Singapore? In this CMS Expert Guide, we tell you everything about this topic.
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