3 Replies
Shruti
(Student )
(586 Points)
Replied 28 July 2022
The Board of directors need to pass Special resolution if the borrowings proposed together with the money already borrowed exceeds the aggregate of paid up capital, free reserves and security premium.
Sai Allu
(754 Points)
Replied 21 August 2022
Section 180 of the companies act, 2013, restricts the power of board of directors. Board can exercise some powers only with the consent of the company by a special resolution.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 22 August 2022
Https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.hindustanpetroleum.com/documents/pdf/POSTAL_BALLOT_NOTICE_HPCL.pdf&ved=2ahUKEwiu8KKnjtn5AhXtTGwGHQ08DMcQFnoECAcQBg&usg=AOvVaw15mqXSqtf9fLUWFU_OFhJq
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