Section 199 - Civil liabilities for breach of duty

Where a director commits a breach of duty under sections 190 to 192,

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

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

(c) a contract or any other transaction entered into between the director and the company in breach of that duty may be rescinded by the company.