Rule 8 Powers of Board
- Chapter
- III · Powers of the Board
- Text as on
- 14 August 2026
8. Powers of Board.-
In addition to the powers specified under sub-section (3) of section 179 of the Act, the following powers shall also be exercised by the Board of Directors only by means of resolutions passed at meetings of the Board.-
(1) to make political contributions;
(2) to appoint or remove key managerial personnel (KMP);
(4) to appoint internal auditors and secretarial auditor;