Home / 
Board’s powers Restrictions on When does clause (d) apply to temporary loans
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 9‑5‑1961. Board's powers ‑ Restrictions on ‑ When does clause (d) apply to temporary loans Section 293(1)(d) does not prohibit the board from taking loans without any limit ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... by obtaining the consent of the company in a general meeting. Thus, if the whole or part of the loan intended to be borrowed is raised for the purpose of financing expenditure of a capital nature the....