https://www.taxtmi.com/acts?id=17476 Section 179 vests the Board of Directors with authority to exercise acts and powers on behalf of the company, subject to the Act and constitutional documents, and forbids the Board from exercising matters reserved for general meeting; it requires specified matters to be approved by Board resolutions (including calls, buy backs, securities issuance, borrowing, investment, loans/guarantees, approval of financial statements, business diversification, amalgamation/merger/reconstruction and acquisitions), permits delegation of certain powers with conditions, and preserves banking and interbank borrowing exceptions and the general meeting's ability to restrict Board powers. en-us Sat, 02 Mar 2013 13:10:20 +0530 Wed, 10 Dec 2025 11:30:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17476 Section 179 vests the Board of Directors with authority to exercise acts and powers on behalf of the company, subject to the Act and constitutional documents, and forbids the Board from exercising matters reserved for general meeting; it requires specified matters to be approved by Board resolutions (including calls, buy backs, securities issuance, borrowing, investment, loans/guarantees, approval of financial statements, business diversification, amalgamation/merger/reconstruction and acquisitions), permits delegation of certain powers with conditions, and preserves banking and interbank borrowing exceptions and the general meeting's ability to restrict Board powers. Act-Rules Companies Law Sat, 02 Mar 2013 13:10:20 +0530 https://www.taxtmi.com/acts?id=17476