A Director in a company is a very important person and he is the one who sails a company through all storms and floods. Section 9 of the Corporation Act 2001 is an enactment that gave recognition to the position of a Director in a

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In the Corporation Act 2001, abundant tasks and duties are impressed on a Director, such as, duty that a director must act in good faith and in the best interest of the company, that a director has a duty to avoid any kind of conflicts of interest, that a director will not misuses the position and information of a company of which he is the director etc. there are number of duties which must be catered by a director of a company. Legal Service Commission of South Australia, 2012

Amongst various duties one important duty that must always be