TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Board Resolutions Required for Key Decisions Under Section 292 of Companies Act: Borrowing, Investing, and More</h1> The Companies Act, 1956, under Section 292, mandates that certain powers of a company's Board of Directors must be exercised through resolutions passed at Board meetings. These powers include making calls on shares, authorizing buy-backs, issuing debentures, borrowing money (excluding debentures), investing company funds, and making loans. The Board can delegate powers related to borrowing, investing, and lending to committees or officers, within specified limits. Banking activities such as accepting deposits or inter-bank transactions are exempt from these borrowing rules. The company can impose additional restrictions on these powers through resolutions in general meetings.
TaxTMI 
TaxTMI 
