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sevond proviso to section 179(1)
can you pls explain this proviso with some examples 'Board not to exercise the powers required to be exercised in GM '
Replies (4)
second*
matlb jaha jaha CL me likha hai SR pass karna hai ya OR pass karna hai wo wali power jo share holders ke liye act ne reserved ki jisse sirf GM me hi kar skte hai wo decision board nahi le skta
eg board can't declare dividend they can only prescribed amount or percentage upto which shere holders in GM can declared
here power of declaration of dividend reserved for GM
eg board can't declare dividend they can only prescribed amount or percentage upto which shere holders in GM can declared
here power of declaration of dividend reserved for GM
okay thanks a lot
wlcm.
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