Conflict between section 179(3) and section 186 of companies act 2013
NJ INFINITY (Expert) (165 Points)
20 February 2016NJ INFINITY (Expert) (165 Points)
20 February 2016
lohith7k
(Company Secretary)
(61 Points)
Replied 26 February 2016
@ Nitish I think sec 179(3) merely provides board can delgate its powers to such persons specified can enter into transactions specifed under section 179(3) d to f but 186 put limit and condtions to enter into such transactions.
179 (3) talks about power of the board to enter into transacions.
186 talks about limit and conditions to enter into such transactions.
Hope you are clear now.
Syd Ahmed
(2 Points)
Replied 11 June 2018
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