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of <h1>Company Board Powers: Shareholder Calls, Debenture Issuance, Solvency Opinions, but Asset Sales Need Meeting Approval.</h1> The Board of Directors of a company has the authority to exercise all powers authorized by the company, except those requiring a general meeting. Key powers exercisable at Board meetings include making shareholder calls, authorizing buy-backs, issuing debentures, borrowing, investing, and forming opinions on solvency. Certain powers, like selling company assets or making loans to directors, require general meeting approval. Directors must disclose interests and cannot participate in decisions where they are interested. Statutory duties include attending meetings, disclosing shareholdings, and filing necessary documents. Violations can lead to fines or imprisonment, with some offences eligible for compounding by the Central Government.
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