Define Project Scope & Vision. What Are the Scope and Vision of a Project? A projectâs scope defines the broad parameters of the project, be it an ecoregional programme, an. effort to conserve a priority area, an initiative to combat a particular threat, or actions to protect a. species. Efforts to conserve or effectively manage ecoregions, priority areas, or protected areas.
Prescribed officers The Companies Act determines that prescribed officers are required to perform their functions and exercise their duties to the standard of conduct as it applies to directors. Prescribed officers will be subject to the same liability provisions as it applies to directors.ection 69 of the Companies Act provides that any person is ineligible for appointment as director or prescribed officer, if that person is a juristic person, an unemancipated minor (or is under a similar legal disability), or does not satisfy the qualifications as per the companyâs Memorandum of Incorporation.
THE COMPANIES ACT AND PRESCRIBED OFFICER EMPLOYEES. Sections 75, 76 and 77 of the new Companies Act, 2008 (the Act) impose important duties and liabilities on directors of companies. To a significant extent these provisions are not new and reflect existing common law duties or were contained in previous legislation.ection 77 provides that a prescribed officer may be held liable for any loss, cost or damages suffered by a company in accordance with the common law principles relating to breaches of a fiduciary duty arising from a failure to comply with the provisions of sections 75 and 76.