Case Study: Borrowing power of Directors

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Last updated: 03 April 2023
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This case study examines the borrowing powers of company directors under Section 180 of the Companies Act, 2013. It provides a practical example of calculating borrowing limits based on paid-up share capital, free reserves, and securities premium, while distinguishing temporary loans. The study advises on when a special resolution is required for borrowing and addresses the specific case of private limited companies. This resource is ideal for company secretaries, legal professionals, and business owners seeking clarity on corporate governance regulations.

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Submitted by · Posted 03 April 2023 · Other files by FCS Deepak Pratap Singh · Report
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