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Introduction:
This individual legal project is divided into the two parts ; where the first part of this
project highlights the importance of some legal terms in context duties of directors, who
are working as an agent of the real Owner; shareholders. While the second part of this
project distinguish the common pronouncing words such as ‘best interest of company’
and “in the interest of company as whole”. Such legal terms has a specific definition in
context to specified legal situation, as stated under various section of corporation Act,
2001. This whole project define the above stated specified terms and interpreter the
application
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