alleryStart learning →S.149(12) makes an independent director liable only for acts done with?
ABoard-process knowledge
BAny company default
CAny past tenure facts
DOnly his own votes
Answer & Solution
Correct answer: A. Board-process knowledge
Section 149(12) limits liability to acts with his knowledge attributable through Board processes and his consent, connivance or lack of diligence.
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Related questions
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