Companies (Meetings of Board and its Powers) Second Amendment Rules, 2014.

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.... 590 (E).-   In exercise of the powers conferred under sections 173, 175, 177, 178, 179, 184, 185, 186, 187, 188, 189 and section 191 read with section 469 of  the  Companies  Act, 2013 (18 of 2013),  the  Central Government hereby makes the following rules to amend the Companies (Meetings of Board and its Powers) Rules, 2014, namely:- 1.    &nb....

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....atement, if any,   to be approved by the Board under sub-section (1) of  section 134 of the Act" shall be substituted. (3)  in rule 15, for sub-rule (3), the following sub-rule shall be substituted, namely: "(3) For the purposes of first proviso to sub-section (1) of section 188, except with the prior approval of the company by a special resolution, a company ....

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....chever is lower, as mentioned in clause (b) and clause (e) respectively of sub-section (1) of section 188; (iii) leasing of property of any kind exceeding ten per cent. of the net worth of the company  or ten per cent. of turnover of the company or rupees one hundred crore, whichever is lower, as mentioned in clause (c) of sub-section (1) of section 188; (iv) availing or ren....

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....for underwriting the subscription of any securities or derivatives thereof, of the company exceeding one per cent. of the net worth as mentioned in clause (g) of sub-section (1) of section 188. Explanation.- (1) The Turnover or Net Worth referred in the above sub-rules shall be computed on the basis of the Audited Financial Statement of the preceding Financial year. (2) In case o....