https://www.taxtmi.com/article/detailed?id=12667 Directors owe fiduciary duties to act honestly and in the company's best interests, exercising requisite care, avoiding conflicts of interest, and not delegating duties that require personal discharge. They hold governance rights (access to records, participation in board processes, remuneration and expense reimbursement, and collective appointment powers) necessary to fulfil stewardship. Breaches attract civil and regulatory liabilities, including enforcement for disclosure failures, repayment obligations, tax recovery where non-payment stems from gross negligence, prospectus misrepresentation exposure, and liability for fraud on the minority; indemnity or insurance may be used within statutory limits to manage such risks. en-us Wed, 05 Jun 2024 08:23:29 +0530 Wed, 05 Jun 2024 10:12:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12667 Directors owe fiduciary duties to act honestly and in the company's best interests, exercising requisite care, avoiding conflicts of interest, and not delegating duties that require personal discharge. They hold governance rights (access to records, participation in board processes, remuneration and expense reimbursement, and collective appointment powers) necessary to fulfil stewardship. Breaches attract civil and regulatory liabilities, including enforcement for disclosure failures, repayment obligations, tax recovery where non-payment stems from gross negligence, prospectus misrepresentation exposure, and liability for fraud on the minority; indemnity or insurance may be used within statutory limits to manage such risks. Articles Corporate Laws / IBC / SEBI Wed, 05 Jun 2024 08:23:29 +0530 https://www.taxtmi.com/article/detailed?id=12667