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Bank matter

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 May 2013 Hello

A director resigned 1 month before. but as the old cheques book were signed in his name.by mistake no. of cheques got presented and it is cleared. Now, when the mistake came to notice to the management what should be d best way to deal with it.
Should we show the change in signatory of 1 month before shud we show it of the current date.
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
27 May 2013 Since the cheques have already been cleared you cannot do much.

Change of signatory has to be done from the Current date because the Bank will not accept anything backdated.

The Resigned Director can be shown as an Advisor for a month by passing a Resolution
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Querist : Anonymous

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Querist : Anonymous (Querist)
29 May 2013 Thank you Vinita.

Can u kindly provide me the resolution for the same.
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