Dear Members!
Whether power to borrow money under section 179 can be delegated ?
If yes, can such power be delegated on an unlimited basis ?
In case the board delegates its powers to borrow to one of its committee, is the company required to file Form MGT 14 for delegation its power to Committee and also each time the committee exercises the power which is delegated to it?
Click here to view / answer Share it onIn case the board delegates its powers to borrow to one of its the committee is the company required to file Form MGT 14 for delegation its power to Committee and also each time the committee exercises the power which is delegated to it?
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