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of <h1>Company Board Can Exercise Powers with Restrictions; General Meetings Hold Certain Reserved Powers per Company Act</h1> The Board of Directors of a company is empowered to exercise all authorized company powers, subject to the provisions of the Act, the company's memorandum or articles, and any non-conflicting regulations. However, the Board cannot exercise powers reserved for the company in a general meeting. The Board's powers include making shareholder calls, authorizing buy-backs, issuing securities, borrowing funds, investing, granting loans, approving financial statements, diversifying business, and approving mergers or acquisitions. These powers can be delegated to committees or officers, except for specific banking operations. General meetings can impose restrictions on these powers.
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