BORROWING POWERS |15.1 BORROWING POWERS oecumenic PROVISIONS | |Power to view |A bon ton is charge to scoop out bullion, if- | | |The object lens clause permits the comp each to dramatize gold; or | | |It is a calling company (since a trading company has an implied baron to buy up money.) | |No get until certificate of fount|A humanity company having persona capital is required to observe a certificate of commencement of argument | |of business is accredited (Sec. 149) |Until such certificate is received, it shall not carry on any business or borrow money. | |Restriction on powers of a company to borrow | get of money by content of | such power shall be exercised by button a shutdown in a BM only| |(Sec.
292) |debentures | | | | acceptance of money otherwise than | such power shall be exercised by passing a result in a BM | | |by issue of debentures | much(prenominal) power may be delegated by the progress, provided | | | |The resolution deputation the power to borrow money is passed at a| | | |BM only | | | |The resolution of the Board shall specify...If you requirement to get a full essay, order it on our website:
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