alleryStart learning →Which duty appears in s.166(3)?
AAvoid all contracts
BMaximise dividends
CUse independent judgment
DObey the top holder
Answer & Solution
Correct answer: C. Use independent judgment
Section 166(3) requires due care, skill, diligence and independent judgment.
Keep practising Appointment and Qualifications of Directors
Browse all Appointment and Qualifications of Directors questions for CA Final, or explore more Law topics.
Related questions
A removed director cannot later be re-appointed by whom (s.169(7))?A resolution to remove a director under s.169 requires what?Which director can the company not remove under s.169(1)?A company removes a director before term end by which resolution (s.169(1))?After resigning, a director stays liable for offences during?A resignation takes effect on which date (s.168(2))?Time to send reasons of resignation to Registrar (s.168(1) proviso)?How does a director resign under s.168(1)?