908
Directors—tcontinued
accounts, secretary should render synopsis of, to, 167
books of, entitled to inspect, 166
actions by, 152
acts of, validity of, 145
affidavits by, on reduction of capital, 35
agents, are, 145
allotment of shares by, 56
board must be properly constituted, 56
fiduciary power, is a, 56 .
irregularity in, may be cured by ratification, 56
liability of, if minimum subscription not subscribed, 49
alternate, 154 ef seq. And see Alternate director
annual return in respect of, 103
appointment of, 144
acts may be valid notwithstanding defective, 145
articles may regulate, 21, 144
consent to act, as to, 144
improper, acts may bind company even after, 145
private company, 144
shareholders may determine, 143, 144
signatories may appoint, 143, 144
apportionment of remuneration, 146
articles of association should provide for appointment, etc., of, 21,
I44
casual vacancies, may provide for, 144
auditor, cannot be appointed, 182
auditors, appointment of, by, 182
authority, presumption of, 27
balance sheet, two to sign, 1871
bankruptcy of, 147
undischarged bankrupt may not act, 145
board meetings, expenses of attending, 146
must be held, 149. And see Board meetings
quorum at, 150
secretary’s duties at, 152
time and notice of, 151
borrowing powers on behalf of company, 193
calls, power to make, usually vested in, 92
articles as to making, to be strictly observed, 92
trust, power in the nature of a, 92
casual vacancies, filling, 144
cheques, etc., signing, 14
co-directors, can sue, 152
committee of, 152
company, how far bound by acts of, 145
company must have, 143
compensation for loss of office on reconstruction, 224
disclosure of, 225
general meeting must ratify, 224
conflict of interest, must not act where, 142
consent of, to act, 7, 45, 144
contracts by, on behalf of company, 27
defective appointment of, may be valid notwithstanding, 145
delegation of powers, 56, 152
disclosure of interest, 142, 151
disqualification (e.g. bankruptcy, etc.), vacancy of office on, 147
dissenting, minuting of. at meetings, 335

INDEX