Corporate and Corporation Law Name of the Student Name of the University

COMMERCIAL AND CORPORATION LAW 5 COMMERCIAL AND CORPORATION LAW Name of the Student Name of the University Author note Question 1 Issue: This situation discusses the issue whether the directors of the company will have the authority to pursue the civil or criminal liability as it has been mentioned in the legislation of Corporations Act, 2001. If the company fails to meet the debts it will be treated to be insolvent as per Section 95A of the above mentioned act. When the directors of the company have the authority and duties, they must