The board of directors of ABC company desirous to delegate some of its powers to its committee of di...........

Companies Act-Phase (I & II) Directors - powers and appointment

The board of directors of ABC company desirous to delegate some of its powers to its committee of directors due to heavy burden of work. Out of the following powers of BODs, which power can be delegated:

To authorize buy back of company’s securities

To grant loan or give guarantee or provide security in respect of loans

To diversify the business of the company

To take over another company

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Explanation:

As per proviso to Section 179(3) of Companies Act, 2013, the power to grant loan or give guarantee or provide security in respect of loans can be delegate by the Board of Directors to any Committee of Directors or the MD or the Manager or any other Principal Officer of the company. There are certain other powers which can be delegated by BOD like invest the funds of the Company , Power to Borrow Monies.