MANAGEMENT AND CONTROL OF COMPANIES - II – POWER AND DUTIES OF DIRECTORS

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..... holders in respect of money unpaid on their shares Power to authorize the buy-back as per the provision to section 77A (b)( 2) Section 292 (1)(aa) Power to issue debentures Section 292(1)(b) Power to borrow moneys otherwise than on debentures Section 292(1) (c) Power to invest the funds of the company; and Section 292(1) (d) Power to make loans - Section 292(1)(e) Other Powers to be exercised at Board Meeting Power to form opinion about solvency of company in respect of Buy back of shares Section 77A Power to fill up casual vacancy Section 262 Power to constitute Audit Committee Section 292A Power to make donation to political parties Section 293A(2) Power t .....

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..... indirectly, make any loan to or give any guarantee or provide any security in connection with a loan made by any other person to, or to any other person by - any director of the lending company, or of a company which is its holding company or any partner or relative of any such director; any firm in which any such director or relative is a partner; any private company of which any such director is a director or member; any body corporate at a general meeting of which not less than twenty-five per cent of the total voting power may be exercised or controlled by any such director, or by two or more such directors, together; or any body corporate, the Board of directors, managing director or manager whereof is accustomed .....

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..... rs voluntary Winding up Section 488 File return of Allotment Section 75 Liability for Statutory Defaults and Violations Penalty Section 59 , Section 69(5) , Section 71(3) , Section 73(2) , Section 207 , Section 300. Criminal Liability: Section 44(4) Section 58A(6)(B) Section 58A(10) Section 63 Section 68 Section 73(16) Section 105 Section 202(1) Section 207 Section 209A (8) Section 210(5) Section 211(8) Section 217(5) Section 221(4) Section 250(9) Section 293A(5) Section 295(4) Section 308(3) Section 372A Section 407(2)(C ) Section 488(3) Compounding of offences Section 621A Any offence punishable whether .....

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