Common seal
This query is : Resolved
01 September 2011
Our Company is making arrangement with HDFC Bank Limited for availing Vehicle loan by entering into a composite loan cum guarantee agreement after passing resolution at the board meeting . We have affixed common seal in the loan documents as prescribed by the bank and provided to the bank along with certified true copy of Extract of Board resolution .Now, they require to affix the common seal in the extract of board minutes also.We have clarified that it is not necessary to affix the common seal in the minutes. But the Bank stick on this condition and not releasing the loan .
I would like to discuss this matter with my caclubindia friends and expect a valuable advice/ confirmation regarding the legal aspects of affixing common seal in the extract of minutes of the board meeting as per Companies Act, 1956 to provide clarification to HDFC Bank Ltd for releasing vehicle loan for our company.
Thanks………….
I would like to discuss this matter with my caclubindia friends and expect a valuable advice/ confirmation regarding the legal aspects of affixing common seal in the extract of minutes of the board meeting as per Companies Act, 1956 to provide clarification to HDFC Bank Ltd for releasing vehicle loan for our company.
Thanks………….
01 September 2011
Can high light:-
1)the article in the AOA
2)secretarial standard 8 of ICSI.
3)section 46,48 and 54 of co's act,1956.
1)the article in the AOA
2)secretarial standard 8 of ICSI.
3)section 46,48 and 54 of co's act,1956.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Booth for sales promotion
- Regarding ITR filing with more value than showing in AIS/TIS
- LIABILITY ADJUSTMENT
- IT returns for fresh job holders
- Housing Society-ITR5
- NRI INSURANCE ADVISOR
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
