Impact Factor : 5.750 
PAPER ID:IJIM/Vol. 7(XI)/March 2023/10-13/3
AUTHOR: Sachin Grewal
TITLE: LEGAL POSITION OF DIRECTOR UNDER COMPANIES ACT, 2013
ABSTRACT: The supreme executive authority controlling the management and affairs of a company vests in the team of directors of the company, collectively known as its Board of Directors. At the core of corporate governance, practice is the Board of Directors which oversees how the management serves and protects the long-term interests of all the stakeholders of the Company. Directors are regarded as being the Key Managerial Persons of a company, with special importance to the listed companies. They can hold multiple high and responsible positions in the companies, such as the Managing Director, Manager, Whole Time Director, or an Independent Director. The institution of the board of directors was based on the premise that a group of trustworthy and respectable people should look after the interests of a large number of shareholders who are not directly involved in the management of the company.
KEYWORDS: Director, Companies Act, 2013, Board of Directors, Managing Director