What are the powers of Board of Directors of a Company that can be exercised only in a full fledged Board Meeting under the provisions of The Companies Act, 2013.

As per section 179(3) of the Companies Act, 2013 the Board of Directors of a company shall exercise the following powers on behalf of the company by means of resolutions passed at meetings of the Board, namely:- to make calls on shareholders in respect of money unpaid on their shares; to authorise buy-back of securities under section 68; to issue securities, including debentures, whether in or outside India; to borrow monies; to invest the funds of the company; to grant loans or give guarantee or provide security in respect of loans; to approve financial statement and the Board's report; to diversify the business of the company; to approve amalgamation, merger or reconstruction; to take over a company or acquire a controlling or substantial stake in another company; any other matter which may be prescribed: to make political contributions. To appoint or remove key managerial personnel (KMP) To appoint internal auditors and Secretarial Auditor