Borrowing Powers Of A Company
The borrowing powers (https://www.registerkaro.in/po....st/borrowing-powers- of a company refer to the legal capacity of a company to raise funds or take loans from external sources, such as banks or financial institutions, for business operations or expansion. These powers are generally defined in the company's Memorandum and Articles of Association. While a private company can borrow within the limits set by its internal regulations, a public company must comply with statutory requirements and may need shareholders' approval if the borrowing exceeds a certain threshold. Proper exercise of borrowing powers ensures financial flexibility while maintaining accountability and legal compliance.
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