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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Restrictions on board powers require shareholder approval for major disposals, excess borrowings, and specified director benefits.</h1> The Board must obtain shareholder approval to sell or otherwise dispose of the whole or substantially the whole of an undertaking, remit or extend repayment of a director's debt (subject to a banking renewal exception), invest compulsory-acquisition compensation other than in trust securities for essential property, borrow beyond the aggregate of paid-up capital and free reserves (excluding ordinary short-term bank accommodations), or contribute to non-business charitable funds beyond prescribed limits; authorising resolutions must specify borrowing or contribution limits and bona fide purchasers and ordinary trading in property remain protected.

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