corporate_fare
timer20:00
Question 1 of 10
A private company wants to borrow funds where the total borrowings will exceed its paid-up capital, free reserves and securities premium. What type of authorisation is required?
No approval since it is a private company
Approval of the Registrar of Companies
A special resolution of shareholders under Section 180(1)(c) if applicable, or member approval as required
Only a board resolution