Question
Which of the following is/are the duties of a Director
under the Companies Act, 2013?Solution
Section 166 of the Companies Act lays down the various duties of the Directors of a Company. A director of a company shall Act in good faith in order to promote the objects of the company Exercise duties with due and reasonable care, skill and diligence and shall exercise independent judgment. Not involve in a situation in which he may have a direct or indirect interest that conflicts with the interest of the company. Not achieve any undue gain or advantage either to himself or to his/ her relatives, partners, or associates and if such director is found guilty of making any undue gain, he/ she shall be liable to pay an amount equal to that gain to the company. Not assign his/her office and any assignment so made shall be void.
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