Being a Director in a Company is a responsible position. Many Entrepreneurs are clueless about the role and responsibilities of the Director from Company Law’s viewpoint. This leads to greater non compliance and can also lead to litigations and penalties.
In this episode of eLagaan Whiteboard Friday, the eLagaan team talks about various activities that a Director is expected to perform while they hold office. It also looks at major and most common of instances of non compliance that could arise and tentative penalties associated with them.