Officer or employee scope expanded: section 21 now covers both officers and employees under the Companies Act. The amendment substitutes the phrase "an officer of the company" with "an officer or employee of the company" in section 21 of the principal Act, thereby ... Summary
Officer or employee scope expanded: section 21 now covers both officers and employees under the Companies Act.
The amendment substitutes the phrase "an officer of the company" with "an officer or employee of the company" in section 21 of the principal Act, thereby expressly extending the provision's reference to include employees as well as officers for all purposes where section 21 applies.
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