Power to board

This query is : Resolved 

23 November 2011 Hi All, A public copany wants to pass some resolution for delegating general powers to the board with respect to capital raising, investing , borrowing powers, etc.

Can anyone provide my the draft of the same......Its urgent

28 November 2011 The above powers can not be delegated. Only authorisation can be done to take necessary actions in this regard.

Borrowing power can only be granted by the shareholders under section 293(1)(d) for which ordinary resolution is to be passed and form 23 is to be filed within 30 days of passing the resoltion.

29 November 2011 Thanks dear




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries