List of matters which are to be passed only at a duly convened Board Meeting and not by Circulation
To issue securities, including debentures, whether in or outside India To make political contributions
to authorise buyback of securities under section 68; Allotment of shares and debentures
To borrow monies; Appointment of a Managing Director (MD)/Manager as a MD/Manager in more than one Company
To make calls on shareholders in respect of money unpaid on their shares; Appointment and removal of the Key Managerial Personnel (KMP)
To invest the funds of the company Appointment(s) or removal(s) of one level below KMP
To grant loans, give guarantee or provide security in respect of loans; Appointment of Internal Auditors and Secretarial Auditor
To approve financial statements and the Board’s report; Take note of Directors’ interest & shareholdings
To diversify the business of the company To buy or Sell of investments held by the Company, constituting 5% or more of the paid up share capital and free reserves of the investee company
To approve amalgamation, merger, demerger, acquisition & takeover or reconstruction; To invite or accept or renew public deposits and related matters.
To take over a company or acquire a controlling or substantial stake in another company; To review or change the terms and conditions of public deposit
To fill casual vacancy of Auditor in the Board To approve quarterly, half-yearly and annual financial statements or financial results and the cost accounts
To sanction contracts in which a director is interested To enter into contract/agreement with Related Parties
Approval of the Prospectus; To make declaration of solvency with respect to voluntary winding up


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User is advised not to construe this service as legal opinion and is advisable to take a view of subject experts. 


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