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Search results with tag "Common law duties"
Related party transactions - ASIC
download.asic.gov.auDirectors of companies also have statutory duties (s180–184) and common law duties. These duties apply regardless of whether a transaction receives member approval in accordance with the Corporations Act (s230). RG 76.10 Similar restrictions apply when a registered scheme provides a financial benefit to a related party.
THE COMPANIES ACT, NO. 71 OF 2008
cdn.ymaws.comgoverning directors’ conduct and liability, and their common law duties and liabilities have now been codified. A new feature is that an act of a company is not void solely because the company did not have the capacity to do the act or the directors did not have the authority to perform the act on behalf of the company. No person may rely on