The Companies Act (Cap.486) of the Laws of Kenya imposes certain statutory limitations and obligations on directors. List four of such limitations.

Statutory Limitations

 A director cannot guarantee a loan.
In a public company a director outside the age limit for appointment is not qualified for
appointment as director unless a resolution upon a special notice has been passed.
In a public company, a director must take and pay for his qualification shares, if any.
A director must not be compensated for loss of office unless particulars are disclosed to the members who must approve of it.
Prohibitions of tax free payments to directors.
 Disclosure of interests in contracts made on behalf of the company.

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