Can only one director sign, where there are two directors?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2014 In a case of private company, there are two directors having joint signing authority in bank account. Now there are some disputes between them, can a single director pass a resolution by saying that only one director can sign cheque without consent of other?

What are the provisions in company's act regarding this?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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17 June 2014 not at all unless the said power was vested to him through a board resolution signed by both directors earlier.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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17 June 2014 since while opening a bank account co must have choosen joint operations that is y single director cant operate it.

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Can only one director sign, where there are two directors?

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