Roles & Duties of a Company Director

Simon Cathro

A Company Director is someone elected or appointed to manage a company's business and affairs.

A Company Director is someone elected or appointed to manage a company’s business and affairs.

This video outlines the roles and responsibilities of a Company Director.

In this video, you will discover the following key points:

Who is a Company Director?
What are the duties of Company Director?
General duties of Company Director.
Directors’ duties – Insolvent Trading.
Director Penalty Notice – What action should be taken by a Company Director he/she receives this notice?
What is Lock-down DPN & Non Lock-down DPN?
Director’s duties in assisting the External Administrator.
Benefits of Deed of Company Agreement.

What is provisional liquidation and how can it be used to protect creditors’ interests?

Provisional liquidation is a mechanism available to creditors or members of a company in Australia which is derived from section 472 2 of the Corporations Act 2001 Cth the Act An application to appoint a provisional liquidator can be filed any time after the filing of a winding up application

Personal Insolvency Agreement: A Complete Understanding

Introduction to Insolvency and PIAs Welcome to Cathro amp Partners 8217 guide on Personal Insolvency Agreements Before we delve into PIAs let 8217 s understand some key concepts Insolvency occurs when an individual or business can 8217 t meet their debt obligations This guide will clarify terms like 8216 debtor

Bankruptcy and its consequences

Bankruptcy is a legal status that can be imposed on an individual who is unable to repay their debts It is a process that provides relief to insolvent debtors by allowing them to seek protection from their creditors and potentially have their debts discharged There are two ways in which