Dear Members,
One of our company has passed the special resolution in respect with compliance under Seciton 293(1)(d) towards borrowing of funds and 372A towards providing loans, advances, making investment and giving guarantee.
Further, pursuant to Seciton 179 of the Companies Act 2013, the said power are available to Board of Directors upto the ceiling limit of Net Worth of the Company.
Further, by refering the earlier approval granted by the members under Section 293(1)(d) and Section 372A, whether the Board of Director has to pass fresh resolution under Section 179 to borrow funds / make investment / give guarantee and futher filing the same with Registrar of Companies.
The members view on my question is hereby requested..
CAclubindia
