ISSUE:
Whether civil courts can interfere with the internal management of a company?
When is the notice for a board meeting considered to be served?
Whether resolutions can be passed on matters not listed on the agenda of the notice of meeting of board of directors?
Is it a duty on the director, who has personal interests in a contract/agreement being entered into by the company, to disclose such interests at the board meeting?
RULE:
It is imperative for a director to be well rehearsed with the ambit of his/her duties especially with regard to meetings of the board as they display a responsibility towards all members.