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DIRECTOR 41d4e8603e1b3f858671, Sec 198 (1) - Coggle Diagram

- - - - :star: Makes the business judgment for a proper purpose and in good faith
      - :star: Does not have a material personal interest in the
        subject matter of the business judgment;
      - :star: Is informed appropriately about the subject matter;
      - :star: Reasonably believes that the business judgment
        is in the best interest of the company.
  - - - :check: Exercise reasonable care, skill and diligence with the knowledge and experience
      - :red_cross: Any director who convicted : Imprisonment <5 / fine <3 or both.
      - :check: Exercise the power for proper purpose & in good faith in the best interest of the company.
- - - - Sec 218 : Prohibition against improper use of property, position, etc.
      - Sec 228 : Transaction with directors, substantial shareholders or connected person
      - Sec 539 : Liability where proper accounts not kept
      - Sec 217 : responsibilities of a nominee director
      - Sec 213 : duties and responsibilities of director
- - - - :red_cross:The managing director shall not, while holding that office, be subject to retirement by rotation or be taken into account in determining the rotation of retirement of directors, but his appointment shall be automatically determined if he ceases from cause to be a director.
      - :check:A managing director shall, subject to the terms of any agreement entered into in any particular case, receive such remuneration, whether by way of salary, commission, or participation in profits, or partly in one way or partly in another, as the Board may determine.
      - :check:The Board may entrust to and confer upon a managing director any of the powers exercisable by the Board upon such terms and conditions and with such restrictions as the Board may think fit, and either collaterally with or to the exclusion of the Board's own powers, and may from time to time revoke, withdraw, alter or vary all or any of those powers.
- - - - :check:Two directors
    - - :red_cross:Shall not include an alternate or substitute director
    - - :red_cross:Did not allow the number of director to be reduced below the minimum number of two, whether by way of resignation or vacation of office
  - - - :check:One director
    - - :red_cross:Shall not include an alternate or substitute director
    - - :red_cross:Where a company has only one director or last remaining director, that director shall not resign office until director has called meeting of members to receive the notice of the resignation and to appoint new directors.