board powers delegation
Hi Everyone!
What is the reason behind the passing of separate Special Resolution for issuing shares to employees under ESOP Scheme?
Hi Folks!
What action is accorded to the Bench on receipt of any additional
evidence as per NCLT Rules, 2016?
nclt bench produced evidences additional
Hi Professional!
Can a company form a One Person Company (OPC) as its subsidiary?
subsidiary company person
Hi Professionals!!
After the change in Registered Office within same city/ town/ village, can a company file the INC-22 again for updating the same address immediately after filing the Form INC-22?
Hi Everyone!
If a person resides in India for more than 182 days in the previous Financial Year for tourist purpose, whether he will be considered as PRI (Person resident in India) under Foreign Exchange Management Act, 1999?
Hello Friends!
Whether the lease agreement can be revoked before the expiry of its tenure. If yes, what are the conditions for revoking the lease agreement?
Hi Folks!
In case of conversion of One Person Company to a Private Limited Company, if a Company increases its members by transferring the shares to another person to satisfy the requirement of minimum two members in a Private Limited Company and if the Registrar reject the application of conversion, whether the effect of transfer will be null and void from the date of rejection of application?
Hi Friends!!
Can supplier of OIDAR services file FORM GST PMT-06?
Hello Juhee,
As per Proviso 1 of 173(3),the Board may, by a resolution passed at a meeting, delegate to any committee of Directors, the managing director, the manager or any other principal officer of the company or in the case of a branch office of the company, the principal officer of the branch office, the powers to borrow money.
However,The Board of Directors of a company shall exercise the powers only with the consent of the company by a special resolution, if money to be borrowed, together with the money already borrowed by the company will exceed aggregate of its [paid-up share capital and free reserves and securities premium], apart from temporary loans obtained from the company’s bankers in the ordinary course of business.
Thank you.