Companies Act, 1956
Section - 292 - Certain powers to be exercised by Board only at meeting
Certain powers to be exercised by Board only at meeting.292. (1) The Board of directors of a company shall exercise the following powers on behalf of the company, and it shall do so only by means of resolutions passed at meetings of the Board :— (a) the power to make calls on shareholders in respect of money unpaid on their shares ; [(aa) the power to authorise the buy-back referred to in the first proviso to clause (b) of sub-section (2) of ;] (b) the power to issue debentures ; (c) the power to borrow moneys otherwise than on debentures ;Google Play store
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