Directors Induction Module 2

DIRECTORS INDUCTION MODULE 2 DIRECTORS AND THE COMPANIES ACT, EXTRACTED FROM KING II, AND UPDATED WITH ACT AMENDMENTS

A director's duties in terms of the Companies Act ,[object Object],[object Object],[object Object],[object Object]

Section 50 (1) (c) – Company information on communications ,[object Object],[object Object],[object Object],[object Object]

Section 171 – Directors information on company communications ,[object Object]

Section 208 – Number of directors ,[object Object],[object Object],[object Object]

Section 211 – Appointment of Directors ,[object Object],[object Object]

Section 213 – Qualification Shares ,[object Object]

Section 216 – Duties in respect of the register ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Section 218 & 219 – Disqualification from appointment as a director ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Section 220 – Removal of directors from office ,[object Object]

Section 221 – Restrictions on powers of directors to issue share capital ,[object Object],[object Object],[object Object],[object Object]

Section 222 – Restrictions on issue of shares and debentures to directors ,[object Object],[object Object],[object Object],[object Object],[object Object]

Section 223 – Share option plans vis-à-vis directors ,[object Object]

Section 225 – Prohibition of tax-free payments to directors ,[object Object]

Section 226 – Prohibition of loans to directors ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Section 227 – Payments to directors for loss of office ,[object Object]

Section 228 – Disposal of undertaking or greater part of assets of the company ,[object Object],[object Object],[object Object]

Section 234 – Duty of director or officer to disclose interest in contracts ,[object Object]

Section 236 – Written resolutions where directors have an interest ,[object Object]

Section 238 – Notice of interest included in notice of meeting ,[object Object]

Section 239 – Minute taking in respect of declarations of interest ,[object Object]

Section 240 – Register of interests in contracts of directors and officers ,[object Object],[object Object]

Section 242 – Keeping of minutes of directors meetings (see 244 &245) ,[object Object],[object Object],[object Object]

Section 251 – Liability for making, circulating or publication of false certificate/report/statement ,[object Object]

Section 268 - Mandatory appointment of Company Secretary to Public Companies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Section 271 – Auditors ,[object Object]

Section 284 (1) – Fixed assets register ,[object Object],[object Object],[object Object],[object Object]

Section 286 – Annual Financial Statements ,[object Object],[object Object],[object Object]

Section 288 to 290 – Group Annual Financial Statements ,[object Object]

Section 295 – Disclosure of particulars of loans to or security in favour of Directors ,[object Object],[object Object],[object Object],[object Object]

Section 297 – Disclosure of directors’ Emoluments and pension in Annual Financial Statements ,[object Object],[object Object],[object Object],[object Object],[object Object]

Section 299 – Directors report in Annual Financial Statements ,[object Object]

Section 303 – Interim Financial Reports ,[object Object]

Schedule 4, Paragraph 37 & Section 37 – Disclosure of loans and security by subsidiary ,[object Object],[object Object],[object Object]

Directors Induction Module 2

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