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>Company Board Must Use Resolutions for Key Powers like Issuing Securities, Borrowing, and Mergers under Companies Act</h1> The Board of Directors of a company is empowered to exercise all authorized powers and perform acts as permitted by the company, subject to the provisions of the Companies Act, the company's memorandum, articles, or regulations. Certain powers, such as making calls on shareholders, authorizing buy-backs, issuing securities, borrowing money, investing funds, granting loans, approving financial statements, and mergers, must be exercised through board resolutions. The Board may delegate some powers to committees or officers, except for specific banking activities. General meetings can impose restrictions on the Board's powers, and regulations made in such meetings do not invalidate prior valid acts of the Board.
TaxTMI 
TaxTMI 
