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This question belongs to Management Values And Ethics In Management

Values and Ethics in Management

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Which of the following powers of Directors cannot be exercised without the consent of shareholders in General Meeting?

A) Power to borrow money exceeding the aggregate of the paid-up capital of the company and its free reserves B) Power to make calls on shareholders C) Power to make loans D) Power to buy back its shares

Answer & Solution

Correct Answer: Option A

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