Certain powers to be exercised by Board only at meeting.

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....e Board:       (a) the power to make calls on shareholders in respect of money unpaid on their shares;      [1][(aa) the power to authorise the buy-back referred to in the first proviso to clause (b) of sub-section (2) of section 77A;]      (b) the power to issue debentures;      (c) the power to borrow moneys....

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....withdrawable by cheque, draft, order or otherwise, or the placing of moneys on deposit by a banking company with another banking company on such conditions as the Board may prescribe, shall not be deemed to be a borrowing of moneys or, as the case may be, a making of loans by a banking company within the meaning of this section. Explanation I. Nothing in clause (c) of sub-section (1) shall apply ....

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....e borrowed by the delegate. (3) Every resolution delegating the power referred to in clause (d) of sub-section (1) shall specify the total amount up to which the funds may be invested, and the nature of the investments which may be made, by the delegate. (4) Every resolution delegating the power referred to in clause (e) of sub-section (1) shall specify the total amount up to which loans may be ....