Powers of Board
(1)
to make political contributions;
(2)
to appoint or remove key managerial personnel (KMP);
(3)
to take note of appointment(s) or removal(s) of one level below the Key Management Personnel;
(4)
to appoint internal auditors and secretarial auditor;
(5)
to take note of the disclosure of director’s interest and shareholding;
(6)
to buy, sell investments held by the company (other than trade investments), constituting five percent or more of the paid up share capital and free reserves of the investee company;
(7)
to invite or accept or renew public deposits and related matters;
(8)
to review or change the terms and conditions of public deposit;
(9)
to approve quarterly, half yearly and annual financial statements or financial results as the case may be.