Lexis Nexis’s Duties and Liabilities of Directors by K S Ravichandran – 3rd Edition 2026.

Directorship is accepted by choice, meaning a director can never claim leniency in a court of law by pleading ignorance of their statutory duties. Duties and Liabilities of Directors (3rd Edition, 2026), published by LexisNexis, offers a comprehensive and contextually enriched exploration of corporate directorship in India. Authored by Dr. K.S. Ravichandran—a leading corporate law expert and founder of KSR & Co Company Secretaries LLP—this treatise distils decades of NCLT, FEMA, and SEBI litigation experience into actionable boardroom strategies.

Navigating Boardroom Accountability

Structured across seven highly detailed chapters, the book breaks down the precise mechanics of corporate governance and regulatory liability:

• Independent & Non-Executive Directors: Deep dives into the evolving, proactive role expected of independent directors, alongside the exact extent of statutory protection afforded to them during corporate defaults.

• Civil & Regulatory Liabilities: Examines the harsh realities of civil penalties, clearly defining situations where directors are classified as “officers in default” under the Companies Act, 2013.

• Appointment & Cessation Norms: Provides a concise, clear account of the legal provisions and procedural filings required for the appointment, resignation, and removal of various categories of directors.

The Business Judgment Rule & Global Context

A standout feature of this 3rd Edition is its global perspective. The text explains the scope and applicability of the Business Judgment Rule, allowing directors to understand exactly when courts will defer to their strategic business decisions. It incorporates critical lessons and insights drawn from numerous real-world cases across international jurisdictions, ensuring Indian boards remain aligned with global best practices.

Who Should Buy This Book?

• Company Secretaries (CS) & Cost/Chartered Accountants: The ultimate desk reference for auditing corporate compliance, advising the board, and navigating complex IBC/SEBI regulations.

• Company Directors & C-Suite Executives: Essential reading for understanding personal legal exposure, collective board responsibilities, and statutory protections.

• Corporate Lawyers & NCLT Practitioners: A highly authoritative courtroom weapon for arguing cases of corporate oppression, mismanagement, and director disqualification.

About the Author

Dr. K.S. Ravichandran (M.Com, LL.B, FCS, Ph.D.)

Dr. K.S. Ravichandran is a highly prominent corporate law expert, author, and legal practitioner. He is the founder and Managing Partner of KSR & Co Company Secretaries LLP, a premier corporate law firm with operations across Coimbatore, Chennai, and Bengaluru.

His formidable practice spans complex corporate affairs, including SEBI & Securities Regulations, FEMA compliance, Mergers & Acquisitions, and Insolvency & Bankruptcy (IBC). Having served as an Independent Director of Karur Vysya Bank and a member of the Secretarial Standards Board of ICSI, his insights represent the absolute pinnacle of Indian corporate governance. He is also the celebrated author of definitive LexisNexis treatises on CSR/ESG reporting and Related Party Transactions.

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