Are the directors required to maintain proper accounting records?

The directors and managers of every company are required to keep proper accounting records to sufficiently explain the transactions and financial position of the company. The records usually contain entries of all receipts and payments, details of sales and purchases...

How often is it required for directors to hold Board Meetings?

Directors are required to hold the first Board Meeting after the company is incorporated to approve the appointment of the officers of the company and other related matters. The directors should ensure that there are regular meetings to review the company’s...

How does the director convene a shareholders’ meeting?

Usually a company has at least one meeting in a year which is known as the annual general meeting (AGM). The directors must ensure that the first AGM is held within 18 months of the incorporation of the company and, following that, in every calendar year at not more...