Role of Directors or the Board of Directors (BoD) in a Company - Indian Company Law

10. Normally, the banks or other financial institutions give huge loans to the companies

and in order to protect their interests, they nominate their Directors on the Board of Companies. These directors are called nominee directors and the function of these directors is to safeguard the financial interest of the institution who nominated them and to ensure that no decision is taken by BoD which goes against the financial institution. Such directors are not considered responsible for the business of the company."

Role of Directors or the Board of Directors (BoD) in a Company - Indian Company Law

By: V.DURGA RAO

POST COMMENT

Reliance & Punj bid to help the Indian Parliament to Go Green SEO and India: A Cool Combination of Performance and Satisfaction Kawasaki Indian Arm to be launched on 30Th October India Project Forwarder - Total Assistance Send Rakhi to India with Raksha Bandhan Sweets and Gifts English Courses in India Churidar Suit: Perfect Indian Party Wear Outfit For Monsoons Removal of Directors and the litigation - Indian Company Law indian yogi astrologers Palace on Wheels India's Most Luxurious Trains Investment Opportunities In Power Sector Of India Modest Trekking Treks in Wildlife India Dust Collectors, Mumbai Dust Collectors, Dust Collectors Mumbai, Dust Collectors India – Caple.in