13 Special Resolution

¹[A resolution passed at a general meeting in terms of sub section (3) of section .186 to give any loan or  guarantee or investment or providing any security or the acquistion under sub section (2) of section .186 shall specify the toial amount up to which the Board of Directors are authroised  to give such loan or gurantee,to  provide such security or make such acquistion ;

Provided that the company shall disclose to the members in the financial statement the full particulars in accordance with the provisions of sub section (4) of section .186.]

Amendments-

1.Substituted by the Companies (Meetings of Board and its Powers) Amendment Rules, 2018 :- Original Content