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115 Points Posted on 28 July 2022
what is section 180 (1) (c) of companies act, 2013
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On 28 July 2022 at 13:56 Report
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Section 180(1)(c) of the Companies Act 2013 places a restriction on the Board of Directors' borrowing powers. Specifically, the Board must obtain shareholder consent via a special resolution if proposed borrowings, combined with existing debt, surpass the company's paid-up capital, free reserves, and security premium.

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Student
586 Points Posted on 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.
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On 28 July 2022 at 16:20
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754 Points Posted on 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.
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On 21 August 2022 at 22:34
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Chartered Accountant
86505 Points Posted on 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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On 22 August 2022 at 05:13

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