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Chapter: 32  COMPANIES ORDINANCE

Schedule Num: 15  Version Date 11/11/1999

MATTERS FOR DETERMINING UNFITNESS OF DIRECTORS

FIFTEENTH SCHEDULE

[section 168K]

PART I

MATTERS APPLICABLE IN ALL CASES

1. Any misfeasance or breach of any fiduciary or other duty by the director in relation to the company.

2. Any misapplication or retention by the director of, or any conduct by the director giving rise to an obligation to account for, any money or other property of the company.

3. The extent of the director's responsibility for any failure by the company to comply with any of the following provisions-

(a) section 81;

(b) section 95;

(c) section 96;

(d) section 107;

(e) (Repealed 30 of 1999 s. 40)

(f) section 109;

(g) section 119A;

(h) section 121;

(i) section 158; and

(j) section 158A.

4. The extent of the director's responsibility for any failure by the directors of the company to comply with sections 122 and 129B.

PART II

MATTERS APPLICABLE WHERE COMPANY HAS BECOME INSOLVENT

1. The extent of the director's responsibility for the causes of the company becoming insolvent.

2. The extent of the director's responsibility for any failure by the company to supply any goods or services which have been paid for (in whole or in part).

3. The extent of the director's responsibility for the company entering into any transaction or giving any preference, being a transaction or preference liable to be set aside under section 182 or 266.

4. The extent of the director's responsibility for any failure by the directors of the company to comply with section 241.

5. Any failure by the director to comply with any obligation imposed on him by or under any of the following provisions-

(a) section 190;

(b) section 211;

(c) section 228A;

(d) section 241;  (Amended 3 of 1997 s. 64)

(da) section 274; and  (Added 3 of 1997 s. 64)

(e) section 300A.

(Fifteenth Schedule added 30 of 1994 s. 13)

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