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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>Company loans and investments are subject to layered limits, board approval, disclosure, interest floors and register requirements.</h1> Aggregate loans, guarantees, securities acquisitions and investments are capped at the greater of sixty per cent of paid-up share capital plus free reserves and securities premium account, or one hundred per cent of free reserves and securities premium account; amounts exceeding those caps require prior authorisation by a special resolution, with exemptions for wholly owned subsidiaries and joint ventures. Such transactions must be sanctioned by a board meeting resolution with consent of all directors present, obtain prior approval of a concerned public financial institution where a term loan subsists (subject to exceptions), and be disclosed in the financial statements and maintained in a prescribed register.

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