Examveda

The powers of the Board of Directors to borrow from the bank are mentioned in

A. Article of Association

B. Memorandum of Association

C. Special Resolution

D. Both A and B

Answer: Option B


This Question Belongs to Commerce >> Banking And Financial Institutions

Join The Discussion

Comments (1)

  1. Sritam Kumar
    Sritam Kumar:
    9 months ago

    Correct answer is A. Article of Association
    This document outlines the internal governance structure and operational guidelines of the company, including the authority of the Board of Directors to take loans or borrow from financial institutions.

Related Questions on Banking and Financial Institutions