A GLANCE ON THE MATTERS REQUIRING BOARD APPROVAL UNDER THE COMPANIES ACT 2013
| List of matters which are to be passed only at a duly convened Board Meeting and not by Circulation | |
| To issue securities, including debentures, whether in or outside India | To make political contributions |
| to authorise buyback of securities under section 68; | Allotment of shares and debentures |
| To borrow monies; | Appointment of a Managing Director (MD)/Manager as a MD/Manager in more than one Company |
| To make calls on shareholders in respect of money unpaid on their shares; | Appointment and removal of the Key Managerial Personnel (KMP) |
| To invest the funds of the company | Appointment(s) or removal(s) of one level below KMP |
| To grant loans, give guarantee or provide security in respect of loans; | Appointment of Internal Auditors and Secretarial Auditor |
| To approve financial statements and the Board’s report; | Take note of Directors’ interest & shareholdings |
| To diversify the business of the company | To buy or Sell of investments held by the Company, constituting 5% or more of the paid up share capital and free reserves of the investee company |
| To approve amalgamation, merger, demerger, acquisition & takeover or reconstruction; | To invite or accept or renew public deposits and related matters. |
| To take over a company or acquire a controlling or substantial stake in another company; | To review or change the terms and conditions of public deposit |
| To fill casual vacancy of Auditor in the Board | To approve quarterly, half-yearly and annual financial statements or financial results and the cost accounts |
| To sanction contracts in which a director is interested | To enter into contract/agreement with Related Parties |
| Approval of the Prospectus; | To make declaration of solvency with respect to voluntary winding up |
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