COMPANIES ACT - 1963 (ACT 179)

    Section - 209 - Civil Liabilities for Breach of Duty

    If a director commits any breach of his duties under sections 203 to 205 of this Code,

    (a) the director and any other person who knowingly participated in the breach shall be liable to compensate the company for any loss it suffers as a result of such breach;

    (b) the director shall account to the company for any profit made by him as a result of such breach; and

    (c) any contract or other transaction entered into between the director and the company in breach of such duties may be rescinded by the company.