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Power to board

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(Querist)
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
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
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.
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deepa

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deepa (Querist)
29 November 2011 Thanks dear
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