Powers of Directors: The directors must have powers to carry on objectives of the company. 

The powers may be of four types:

• Statutory Powers of Directors 
• Managerial Powers of Directors
• Powers only with a resolution
• Other Powers

Statutory Powers: 

The following powers must be used in the Board meeting:

• Power to make calls on shareholders in respect of money unpaid on their shares
• Power to issue debentures
• Power to borrow money other than on debentures
• Power to invest the funds of the company 
• Power to approve financial statement and Board report

Managerial Powers:

• Power to allot, forfeit or transfer shares of company 
• Power to decide the terms and conditions to issue debentures
• Power to appoint Managing Director, Manager and Secretary of the company.

Powers only with a resolution:

• To sell or lease any asset of the company 
• To issue bonus shares 
• To allow time to the director for repayment of the loan

Other Powers:

• Power to fill casual vacancy 
• Power to appoint the first auditor of the company 
• Power to appoint alternative directors, additional directors 
• Power to remove key managerial personnel