PRESENTATION

ON
DUTIES OF DIRECTORS

Presented by :-
Shashank Bhattnagar
Shefali Gupta
Sonal Agarwal
Vipul Agarwal
 MEANING OF DIRECTOR

According ●
Defines director as a person
To Section occupying the position of director
by whatever name called.
2 (13)

Directo A person having control over the direction, conduct,

●

management of the affairs of a company. Any

person in accordance with whose directions or

r
instructions, the Board of a company is accustomed
to act, is deemed to be a director of the company.
 Duties Of Director

Duties of care, skill

Fiduciary Duties Other Duties
and diligence
1. Fiduciary duties
Director Exercise their powers -
●

Honestly & in
the interest Of the company and
Must shareholder

Director ●
make any secret
profit out of their
must not position.
2. Duties Of Care , skill & Diligence

Directors ●carry out their duties

should with reasonable care

exercise such degree of skill and

●

And diligence as is reasonably expected

of persons of their knowledge and
status
 Standard of care, skills &
diligence would vary with
The type and nature of work

Division of powers between directors and other officers

General usages and customs in that of business ; and

Whether directors work gratutiously or remuneratively

3. OTHER DUTIES OF DIRECTORS

To attend Board meetings

Not to delegate his functions except to the extent authorised by the Act
or the constitution of the company, and

To disclose his interest