Whether resolution required under section 293(1)(d)

manpreet.kaur (Student) (184 Points)

11 October 2012  

A public ltd. company is repaying its rupee loan by borrowing through external commercial borrowings. so the company will borrow in dollars. the borrowing limit of the company as per the resolution passed under 293(1)(d) is rupees 50 crores. And company wants to borrow $2 million to repay the loan. whether any resolution is required in this case just because the resolution is in rupees n in order to borrow it has to amend it... or old resolution is sufficient?? plz support answer with a reason... thnks