In a Pvt. Ltd. company, Two Directors are there, One Active and One Dormant. To make the Active Director authorised signatory in all matteres relating to Bank and signing of Board Resolutions, Can we pass single Board Resolution or Separate Power of Attorney needs to signed by the dormant Director? Please advise. Thanks a lot.
15 May 2013
Time to time separate board resolution would require for different purpose. For bank operations a resolution may be passed to authorise him as a authorised signatory for all bank transactions.
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