The affairs of a company are managed by the Board of directors. Hence, it is necessary for Board of Directors should often meet to discuss various matters regarding the management and administration of the company affairs.
The Companies Act, 1956 gives wide powers to the Board of directors. The noted below are the powers that shall exercise on behalf of the company only by means of resolutions passed at the meetings of the board.
(a) power to make calls on shareholders in respect of unpaid money on their shares.
(b) power to issue debentures.
(c) power to borrow moneys otherwise than on debentures
(d) power to invest the funds of the company
(e) power to make loans
In every company, a meeting of the Board of directors shall be held at least once in every three months and at least four such meetings shall be held in every year.
The meetings of Board of Directors may be held at any place convenient to the directors outside the business hours and even on a public holiday.
To obtain Director Identification Number (DIN), contact CompaniesInn
The Companies Act, 1956 gives wide powers to the Board of directors. The noted below are the powers that shall exercise on behalf of the company only by means of resolutions passed at the meetings of the board.
(a) power to make calls on shareholders in respect of unpaid money on their shares.
(b) power to issue debentures.
(c) power to borrow moneys otherwise than on debentures
(d) power to invest the funds of the company
(e) power to make loans
In every company, a meeting of the Board of directors shall be held at least once in every three months and at least four such meetings shall be held in every year.
The meetings of Board of Directors may be held at any place convenient to the directors outside the business hours and even on a public holiday.
To obtain Director Identification Number (DIN), contact CompaniesInn
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