Under the Companies Act 2013, if a company borrows more than a specific limit, the Board needs to seek  consent of the company by a _____________

The Board of Directors  of a company  shall exercise the following powers only with the consent of the company by a special resolution, namely:— •to sell, lease or otherwise dispose of the whole or substantially the whole of the undertaking of the company or where            the company owns more than one undertaking, of the whole or substantially the whole of any of such undertakings. •to invest otherwise in trust securities the amount of compensation received by it as a result of any merger or                            amalgamation; •to borrow money, where the money to be borrowed, together with the money already borrowed by the company will              exceed aggregate of its paid-up share capital, free reserves and securities premium  , apart from temporary loans                    obtained from the company’s bankers in the ordinary course of business: •to remit, or give time for the repayment of, any debt due from a director.