Director of a Company

The expression "executive" has no particular importance however is characterized under Section 2(1) of the Companies Act, as takes after: 'chief' "incorporates any individual possessing the position of executive by whatever name called" 

He is the individual who is selected by the individuals from the organization. He who takes choices in the interest of the organization and works and deals with the organization. It coordinates, administers, and controls the issues of the organization. Since Company is a legitimate element and not simply the individual. Henceforth, it needs to act just through the office of characteristic individual called "Chief". 

To wind up plainly an executive in Private Limited Company, a Director Identification Number is required (DIN). Just the individual matured over 18 can acquire the DIN from ensuring specialist. 

No. of Directors– Maximum, there can be 15 executives in an organization. Be that as it may, the number can be increment by passing the unique determination. 

Least Number of Director in Company is as per the following: 

Business entity    Minimum Director 

Private Limited Company    2 

Restricted Company    3 

OPC    1 

Remote national can turn into a chief gave that he has remained in India for an aggregate time of at least one hundred and eighty-two days in the past logbook year. 

Arrangement of ladies chief for open Limited Company is required under after condition: 

In the event that an organization has paid-up share capital of Rs.100 crore rupees or more. 

In the event that an organization has turnover of Rs.300 centers or more. 

There is no necessity of ladies chief for a private constrained organization. 

Obligations and Responsibilities: 

Chiefs need to owe Duties and Responsibility regardless of on the off chance that it is Private Limited Company or Limited Company or One Person Company- 

Trustee connection 

Chiefs of the organization hold trustee connection with the organization. They go about as a watchman for the organization and need to deal with all the advantage of the organization. The individual intrigue must not beat the organization's advantage and work best for the enthusiasm of the organization. 

Successful use of Company's benefit 

Chiefs don't owe the organization's advantage. They go about as a legitimate gatekeeper and needs to take mind the benefit of organization. Organization's advantage ought not be use for individual utilize but rather should be utilized in a way so it has proficient and powerful use in enhancing the efficiency and smooth working of business. 

Stay away from Conflict 

The Director must stay away from any contention between the chief's obligations to the organization and the executive's different advantages unless the chief is discharged from his or her obligation to the organization in connection to the issue concerned. 

Obligation of classification 

All the classified data of the organization must be appropriately dealt with. It must not be unveiled. On the off chance that, it is spilled or revealed or not took care of legitimately, the organization may endure misfortune and its chief obligation to keep such data appropriately. 

Obligation to go to gatherings 

A Director must go to every one of the gatherings of organization. In the event that a chief is missing from three successive gatherings or don't go to any meeting in three months , whichever period is longer, at that point an executive can lose his/her position. 

No Secret Profit 

Chiefs hold an incomparable position in an organization in a way that its choice influences the organization. The Director may go over wide assortment of data from general to delicate to exceptionally undercover. The exchange off insider facts must be kept private and must not be utilized for individual advantages and the organization's advantage ought not be endured regardless. 

Act as indicated by the arrangements of the Company. 

The Director must act sincerely and mindfully in connection to the lead of the issues of the organization. It acts as per the organization's constitution and exercise his or her forces just for the reasons permitted by law. 

Obligation to Not Permit Conflict of Interest 

Irreconcilable situation emerges when an executive's choice will either pick up him or the organization. Chief's will confront the situation of dismissing organization's advantage versus individual intrigue .Such difficulty ought to be kept at aside and irreconcilable situation must not be permitted. 

Obligation not to surpass powers 

The Memorandum of Association (MOA) of a Company states what the organization is approved to do. While, the Articles of Association (AOA) of the Company state what powers are given to the Directors of the Company. It is the obligation of the Directors to guarantee that organization does that is being approved to do and not surpass the power blessed to him.