Section 175: Penalty for unqualified person acting as director
The Companies Act, 2017 · Federal Acts · in_force
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175. Penalty for unqualified person acting as director.—If a person who is not qualified to be a director or chief executive or who has otherwise vacated the office of director or chief executive describes or represents himself or acts as a director or chief executive, or allows or causes himself to be described as such, shall be liable to a penalty of level 1 on the standard scale.
Effective date: 2017-05-30
Related sections
Section 174: Prohibition on assignment of office by directorsSection 176: Proceedings of the boardSection 173: Personal liability for company’s debts where person acts while disqualifiedSection 177: Ineligibility of bankrupt to act as directorSection 172: Disqualification ordersSection 178: Records of resolutions and meetings of board
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