Mention any four duties of a Director of a company.

1.	Mention any four duties of a Director of a company.
Answer» The duties of Directors depends upon the nature and size of the company. It is necessary for the Directors to carefully examine the Articles of the company before exercising the powers and performing their duties. Statutory Duties: • Disclosure of relevant facts: It is the duty of the Directors to see that the prospectus issued by the company makes disclosure of all relevant facts and figures. • Holding qualification shares: It is the duty of the elected Directors to purchase qualification shares and to hold them. • Attending Board meeting: It is the duty of the Directors to attend Board meetings regularly in the best interest of the company. • Getting permission for loans from the Central Government: It is the duty of the Directors to get permission from the Central Government while taking loans from the company.

Answer»

The duties of Directors depends upon the nature and size of the company. It is necessary for the Directors to carefully examine the Articles of the company before exercising the powers and performing their duties.

Statutory Duties:

• Disclosure of relevant facts: It is the duty of the Directors to see that the prospectus issued by the company makes disclosure of all relevant facts and figures.

• Holding qualification shares: It is the duty of the elected Directors to purchase qualification shares and to hold them.

• Attending Board meeting: It is the duty of the Directors to attend Board meetings regularly in the best interest of the company.

• Getting permission for loans from the Central Government: It is the duty of the Directors to get permission from the Central Government while taking loans from the company.

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