Financial seizures of managers of Private limited companies From the point of view of jurisprudence and Iranian law

The issue of financial seizure of Private limited companies is one of the important issues that in this article will be addressed.

Thise article is Analytical descriptive and the library method uses.

Ethical considerations: 

In this article, Originality of texts, honesty and trusteeship Has been complied with.

The competence and authority of the managers of Private limited companies, in accordance with the law and the articles of association of the company ,are determined. The authorization of directors to factors such as the subject matter and articles of association of the company, the authorization of general assemblies and commercial laws and regulations are limited. What is assigned to the directors is a trust and the directors are obliged to use this position only for the benefit of the shareholders in such a way that the interests of the company are provided in the best possible way. The limitation of directors in matters falling within the special competence of general assemblies, the invalidity of the legal actions of directors outside the subject of the company, the prohibition of obtaining facilities from the company and the prohibition of their competitive transactions with the company in order to prevent financial seizures of the company.

Illegal seizure of company property by the directors of Private limited companies is a violation of the limits of authority and duties and, as the case may be, has civil and criminal liability such as betrayal of trust.