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As per Companies Act, 2013, out of the following powers, which power 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:
To Invest Funds of the Company,
To authorize buy back of securities under section 68 of Companies Act,2013
To diversify the business of the company
To approve amalgamation, merger or reconstruction of company..
None of the above
As per proviso to Section 179(3) of Companies Act, 2013, the power to invest the funds of the Company 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 Power to Borrow Monies, power to grant loan or give guarantee or provide security in respect of loans.
By: Vikas Goyal ProfileResourcesReport error
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