Section 117
of Commodities Trading Act 1985
ActRepealedProvision 117 of 142
Section 117
(2)
Subject to subsection (3), for the purposes of this section, a person is deemed to be a director of a corporation if he occupies the position of a director by whatever name he may be called or is a person in accordance with whose directions or instructions the directors of the corporation or any of them act.
(3)
A person shall not, by reason only that the directors of a corporation act on advice rendered by him in a professional capacity, be taken to be a person in accordance with whose directions or instructions those directors act.
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