COMPANIES ACT - 1963 (ACT 179)

    Section - 204 - Exercise of Directors' Powers

    The directors shall not, without the approval of an ordinary resolution of the company, exceed the powers conferred upon them by this Code and the company's Regulations or exercise such powers for a purpose different from that for which such powers were conferred notwithstanding that they may believe such exercise to be in the best interests of the company.