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

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..... 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 to accord sanction for specified contracts .....

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..... 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 to act in accordance with the directions or instructions of the Boar .....

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..... lty - 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 committed by a company or any officer thereof not being an offence punishable with imprisonment only, or with imprisonment and also with fine, may, either before or after the .....

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