Law · Corporate

Section 166 Companies Act — Duties of Directors

Act in good faith; exercise due care, skill, diligence; avoid conflicts. (Companies Act, 2013)

Type: noun Branch: Corporate Level: Intermediate Jurisdiction: India

Pronunciation: 🇺🇸 US/ˈsɛkʃən ˈkəmpəniz ækt ˈdutiz əv dɪˈrɛktərz/ 🇬🇧 UK/ˈsɛkʃən ˈkəmpəniz ækt ˈdutiz əv dɪˈrɛktəz/

Definition

Act in good faith; exercise due care, skill, diligence; avoid conflicts. (Companies Act, 2013)

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