law: Companies Act, 2013 
  166.
  
    Duties
  
  of directors.
  1.      Subject to the
  
  provisions of this Act, a director of a company shall act in accordance with
  
  the articles of the company.
  2.      A director of a
  
  company shall act in good faith in order to promote the objects of the company
  
  for the benefit of its members as a whole, and in the best interests of the
  
  company, its employees, the shareholders, the community and for the protection
  
  of environment.
  3.      A director of a
  
  company shall exercise his duties with due and reasonable care, skill and
  
  diligence and shall exercise independent judgment.
  4.      A director of a
  
  company shall not involve in a situation in which he may have a direct or
  
  indirect interest that conflicts, or possibly may conflict, with the interest
  
  of the company.
  5.      A director of a
  
  company shall not achieve or attempt to achieve any undue gain or advantage
  
  either to himself or to his relatives, partners, or associates and if such
  
  director is found guilty of making any undue gain, he shall be liable to pay an
  
  amount equal to that gain to the company.
  6.      A director of a
  
  company shall not assign his office and any assignment so made shall be void.
  7.      If a director of the
  
  company contravenes the provisions of this section such director shall be
  
  punishable with fine which shall not be less than one lakh rupees but which may
  
  extend to five lakh rupees.