Director ka role sirf nameplate tak limited nahi hota. Law unko “fiduciary” position me rakhta hai – matlab they must act honestly, in good faith, for company’s best interest. Agar director knowingly fraud, misstatement, wrongful acts kare, to wo personally liable bhi ho sakta hai.
Key duties:
- Company’s funds ko personal use ke liye divert na karna,
- Books of accounts properly maintain karwana,
- Related party transactions transparent rakhna,
- Minority shareholders ya creditors ko cheat na karna.
Fraudulent trading, misrepresentation to investors, tax evasion, wilful defaults – yeh sab areas me director ke against criminal proceedings tak ja sakti hain. “Mai toh sirf naam ka director hoon” argument courts easily accept nahi karte, especially jab signature, resolutions aur approvals unke naam se hote hain.
Corporate veil hamesha thick nahi hota. Serious misconduct ke cases me courts veil lift karke directly director ko target kar sakte hain. Isliye directorship accept karna ek serious legal responsibility hai, sirf formality nahi.