Do the nominee director have the authority to represent or enter into contracts on behalf of...
Do the nominee director have the authority to represent or enter into contracts on behalf of the company.
Homework Answers
Yes, the nominee director has the authority to represent or enter into contracts on behalf of the company.
The nominee director is a representative of the company with legal permission to participate in any agreement or contract with any government or other private sector organizations. He represents the company's interest in the contract and tries to bring out the best for his organization.
The Companies Act (2013) has allowed the appointment of nominee director on behalf of the company to ensure the following things:
• To make a contract or agreement successful
• To ensure that majority appointed directors are not harmful to the company
• To ensure that the directors will not hamper the interest of nominator
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Do the nominee director have the authority to represent or enter
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