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The Companies Act Course Code: SEBICA

POWERS OF BOARD, LOANS TO DIRECTORS, RELATED PARTY TRANSACTIONS.

25 Min. By-Sahil Makkar 161 views
Companies Act-Phase (I & II) Board-powersandMeetings
Lecture Detail:

CHAPTER XII

MEETINGS OF BOARD AND ITS POWERS

- Register of contracts or arrangements in which directors are interested.

- Contract of employment with managing or whole-time directors.

- Payment to director for loss of office, etc., in connection with transfer of undertaking, property or shares.

- Restriction on non-cash transactions involving directors.

- Contract by One Person Company.

- Prohibition on forward dealings in securities of company by director or key managerial personnel.

- Prohibition on insider trading of securities.

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