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Board’s powers Restrictions on When does clause (d) apply to temporary loans

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Full Text of the Document

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.... 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 ....

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Full Text of the Document

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.... 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....

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