Circular resolution - bank account opening
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 August 2018
Hi All
Can we pass a circular resolution for opening of Bank account ?
Can we pass a circular resolution for opening of Bank account ?
CS Peer mehboob
(Expert)
03 August 2018
The Companies Act requires certain business to be approved only at Meetings of the Board. However, other business can be approved by means of Resolutions passed by circulation. Opening of Bank account is one such business which need not be approved in board meeting only and can be passed by means of resolution passed by circulation.
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