As per Companies Act 2013 out of the following powers which power can be exercised by the Board of D...........

Companies Act-Phase (I & II) Board-powersandMeetings

As per Companies Act, 2013, out of the following powers, which power can be exercised by the Board of Directors of a Company by passing a Board Resolution at duly convened Board meeting and can’t be delegated:

Power to make calls on shareholders in respect of money unpaid on their shares,

Invest the amount of compensation received in the scheme of merger/amalgamation in Trust securities,

Borrow in excess of Paid up Share Capital and Free reserves of the company

Power to sell, lease or dispose whole or substantially whole of the undertaking,

None of the Above

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Explanation:

As per Section 179(3) of Companies Act, 2013, Power to make calls on shareholders in respect of money unpaid on their shares can be exercised by the Board of Directors of a Company by passing a board resolution at duly convened Board meeting. There are certain other matters which can’t be delegated and can be exercised only at a duly convened Board meeting like issue of securities in or outside India, approval of financial statements and Board’s report, to authorize buy back of securities of Company, to diversify the business of the company, to approve amalgamation/merger/reconstruction of company etc.