Question

provision of companies act 2013 for disposal of company's profit​

Answer 1

The provision is under Section 180 of the Companies Act 2013.

• As per the section only with the authorization of the corporation by special resolution may the Board of Directors exercise various powers.
• They are included in subsection 1 and It includes the power to -

1. The leasehold, or disposal, or the sale of the corporation's entire guarantee, or
2. if it retains more than one guarantee, of the entire or significantly all of any of such undertakings.