Power to borrow moneys otherwise than debenture u/s 292

Hi freinds! pls advice, a company wants to take an asset on finance lease from another compnay, whether lessee company is required to follow provisions of sec 292 for this arrangement? Is Lesee Co. required to pass resolution under sec 292? 'Certain powers to be exercised by Board only at meeting'- Sec 292.

Regards