Question
What are 5 examples of decisions that may be characterised as falling within the exclusive scope of s 198A? 198A (1) The business of acompanyis
What are 5 examples of decisions that may be characterised as falling within the exclusive scope of s 198A?
198A
(1) The business of acompanyis to be managed by or under the direction of thedirectors.
Note: See section198E for specialrulesabout thepowersofdirectorswho are the singledirector/shareholder ofproprietarycompanies.
(2) Thedirectorsmay exercise all thepowersof thecompanyexcept anypowersthatthis Actor thecompany'sconstitution(if any) requires thecompanyto exercise in general meeting.
Note: For example, thedirectorsmayissueshares, borrowmoneyandissuedebentures.
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