Subject to the provisions of these Articles and/or Act, the shares shall be under the control of the Directors who may allot or otherwise dispose off the same, to such persons on such terms and conditions at such times as the Directors shall think fit with full powers to give any person the option to call for or to be allotted shares of any class of the company either at par or at premium and for such consideration as the Directors may deem fit. (subject to the provisions of the Section 78 & 79 of the Act). Subject to the provisions of Act and other legislation’s, the Directors may also issue and allot shares under “Sweat Equity/Employees Stock Options Scheme”.
in above para & its 3 line -- if we put BOD WORD IN the place of director ,what it makes difference ?
