https://www.taxtmi.com/acts?id=12630 The Board must obtain shareholder approval to sell or otherwise dispose of the whole or substantially the whole of an undertaking, remit or extend repayment of a director's debt (subject to a banking renewal exception), invest compulsory-acquisition compensation other than in trust securities for essential property, borrow beyond the aggregate of paid-up capital and free reserves (excluding ordinary short-term bank accommodations), or contribute to non-business charitable funds beyond prescribed limits; authorising resolutions must specify borrowing or contribution limits and bona fide purchasers and ordinary trading in property remain protected. en-us Fri, 13 May 2011 11:42:13 +0530 Fri, 13 May 2011 11:42:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12630 The Board must obtain shareholder approval to sell or otherwise dispose of the whole or substantially the whole of an undertaking, remit or extend repayment of a director's debt (subject to a banking renewal exception), invest compulsory-acquisition compensation other than in trust securities for essential property, borrow beyond the aggregate of paid-up capital and free reserves (excluding ordinary short-term bank accommodations), or contribute to non-business charitable funds beyond prescribed limits; authorising resolutions must specify borrowing or contribution limits and bona fide purchasers and ordinary trading in property remain protected. Act-Rules Companies Law Fri, 13 May 2011 11:42:13 +0530 https://www.taxtmi.com/acts?id=12630