Multiple Choice Questions on Can the powers of the Board u s 179 3 be restricted by Shareholders in GM ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Can the powers of the Board u s 179 3 be restricted by Shareholders in GM ........

Companies Act-Phase (I & II) Board-powersandMeetings
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    Can the powers of the Board u/s 179(3) be restricted by Shareholders in GM?

    Yes, the shareholders have a right to put restriction on the Board’s exercise of powers u/s 179(3)

    Correct Answer

    No, the powers of the Board bestowed under 179(3) are absolute and can’t be restricted by Co

    Incorrect Answer

    Yes, but only the 3 specific cases as mentioned under Sec 179(3) (d) (e) and (f)

    Incorrect Answer

    Yes, only if the  BOD has no Independent Directors appointed thereto

    Incorrect Answer
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    Explanation:

    Sec 179 (4) Nothing in this section shall be deemed to affect the right of the company in general meeting to impose restrictions and conditions on the exercise by the Board of any of the powers specified in this section.

    By: Srishti Gupta
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