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of <h1>Scope of Board powers and mandatory Board resolutions under Companies Act Section 179 for key corporate decisions</h1> Board of Directors may exercise all powers and perform all acts the company itself is authorised to do, subject to the Companies Act, memorandum, articles, and valid regulations. Powers reserved to the general meeting cannot be exercised by the Board. Subsequent regulations passed in a general meeting do not invalidate prior valid Board actions. Certain key powers-such as making calls on shares, authorising buy-back, issuing securities, borrowing, investing, granting loans or guarantees, approving financial statements and reports, business diversification, mergers, takeovers, and prescribed matters-must be exercised by Board resolutions at Board meetings, though borrowing, investing, and loan-related powers may be delegated with conditions. Special provisions clarify that ordinary banking deposits and inter-bank dealings are not treated as borrowings or loans, and companies in general meeting may still restrict or condition the Board's exercise of these powers.
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