The Companies Act 2013 confers a company’s' directorial board with several powers. The Board is entitled for exercising all those powers and also to indulge in acts that the company is authorised for as a whole. There also are a few restrictions imposed either under the Act or in the respective Memorandum or articles of the company and the Board is liable to abide by those under all circumstances.
The main highlights of the powers of the Board of Directors have been stated below.
Apart from the above mentioned powers, the Board can also take crucial decisions for the company
as and when required.
The main highlights of the powers of the Board of Directors have been stated below.
- The power to authorise any required buy backs of securities
- To initiate or assist with the diversification of business
- Borrowing monies
- Making investments using the funds of the company for the best interest of the company
- The power to grant financial loans or to provide security or guarantee regarding the loans
- The power for approving reports
- Issuing securities as well as debentures within India as well as abroad
- The power for sending approvals related to mergers, reconstruction and amalgamation
- Acquiring a company or a substantial stake in another company
Apart from the above mentioned powers, the Board can also take crucial decisions for the company
as and when required.
No comments:
Post a Comment