RESOLUTIONS TO BE FILED IN E-FORM MGT-14

BOARD RESOLUTIONS BY PUBLIC COMPANIES

S.NO

RESOLUTION

CA,2013 SECTION 

to make calls on shareholders in respect of money unpaid on their shares;

179(3)

to authorise buy-back of securities  under section 68;

179(3)

to issue securities, including debentures, whether in or outside India;

179(3)

to borrow monies;

179(3)

to invest the funds of the company;

179(3)

to grant loans or give guarantee or provide security in respect of loans;

179(3)

to approve financial statement and the Board’s report;

179(3)

to diversify the business of the company;

179(3)

to approve amalgamation, merger or reconstruction;

179(3)

to take over a company or acquire a controlling or substantial stake in another company;

179(3)

to make political contributions;

Rule 8- The Companies (Meetings Of Board And Its Powers) Rules, 2014

to appoint or remove key managerial personnel (KMP);

Rule 8- The Companies (Meetings Of Board And Its Powers) Rules, 2014

to appoint internal auditors and secretarial auditor;

Rule 8- The Companies (Meetings Of Board And Its Powers) Rules, 2014

BOARD RESOLUTIONS BY PRIVATE & PUBLIC COMPANIES

Any resolution of the Board of Directors of a company or agreement executed by a company, relating to the appointment, re-appointment or renewal of the appointment, or variation of the terms of appointment, of a managing director.

117(3)(c)

Any other resolution or agreement as may be prescribed and placed in the public domain. 

117(3)(h)

EXEMPTIONS

In respect of a resolution passed to grant loans, or give guarantee or provide security in respect of loans under clause (f) of sub-section (3) of section 179 in the ordinary course of its business by,—

1. banking company;
2. any class of non-banking financial company registered under Chapter IIIB of the Reserve Bank of India Act, 1934, as may be prescribed in consultation with the Reserve Bank of India;
3. any class of housing finance company registered under the National Housing Bank Act, 1987, as may be prescribed in consultation with the National Housing Bank;