What are the Powers and Duties of Director?

Certain responsibilities and duties come with the post of Director of a Private Limited Company or Limited Company or One Person Company. Directors are unaware of the tasks and responsibilities many companies which are expected of them and only occupy the post as a namesake. As a result, organizations with strong and moral Boards of Directors will appear, beneficial to all the company’s stakeholders.

Directors have a fiduciary responsibility regarding the company. Therefore Director must use his or her authority for the profit of the firm or for the best interests of the company. A Director must also give the priority to the interest of the company over their own personal interest. Director works honestly but if the director does any work which is against the company’s best interest then it is a violation of the duty of the Director.