Question
What type of resolution is required to be passed by a
one-person company in order to borrow money?Solution
Companies Act Section 179. Powers of Board (3) The Board of Directors of a company shall exercise the following powers on behalf of the company by means of resolutions passed at meetings of the Board, namely:— (a) to make calls on shareholders in respect of money unpaid on their shares ; (b) to authorise buy-back of securities under section 68; (c) to issue securities, including debenture , whether in or outside India; (d) to borrow monies; (e) to invest the funds of the company; (f) to grant loans or give guarantee or provide security in respect of loans; (g) to approve financial statement and the Board’s report; (h) to diversify the business of the company; (i) to approve amalgamation, merger or reconstruction; (j) to take over a company or acquire a controlling or substantial stake in another company; (k) any other matter which may be prescribed.
Match List – I with List – II and select the correct answer using the codes given below the lists:
The President of 19th session of the Indian National Congress was ______.
Which one of the following nature of work shall not be taken into account while the Appropriate Government considers prohibiting employment of contract ...
Begum Hazrat Mahal, the wife of the Nawab of _______ led the uprising at Lucknow in May, 1857.
Which of the following social reformers of 19th century India was the author of ‘Stree Purush Tulana’?
 Which of the following organization is responsible for Price Support Operation for cotton in India?
 Recently, _________ the founder of Wikileaks was released from a prison in the United Kingdom.
On high temperatures, gas-melt rock content located below the surface of the Earth is called __________________
Edwin Lutyens and Herbert Baker are two architects credited to have designed the city of:
Which of the following type of climates are divided into Steppes or semi-arid climate (BS) and desert climate (BW)?
