The following items require approval by a resolution passed at a meeting of the Board with the consent of all the directors present at the meeting, subject to a specific notice has been given to all the directors then in India:
(2) Section 372 - PURCHASE BY COMPANY OF SHARES, ETC., OF OTHER COMPANIES
(3) Section 372A - INTER-CORPORATE LOANS AND INVESTMENTS
(4) Section 386 - NUMBER OF COMPANIES OF WHICH A PERSON MAY BE APPOINTED MANAGER
The above Sections relate to the Companies Act 1956.