Company law
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 February 2012
Dear All,
mine is the private company.
can any one provide me following type of
"Board Resolution for applying credit limits for takeover of existing credit facilities."
Is it require by the Board to take permission of company in AGM before applying
mine is the private company.
can any one provide me following type of
"Board Resolution for applying credit limits for takeover of existing credit facilities."
Is it require by the Board to take permission of company in AGM before applying
CS Ankur Srivastava
(Expert)
09 February 2012
your query is not clear...
please clear i think you need to obtain bank limits...
for this you have to pass ordinary resolution to increase the borrowing powers under section 293(1)(d) and file form 23.
please clear i think you need to obtain bank limits...
for this you have to pass ordinary resolution to increase the borrowing powers under section 293(1)(d) and file form 23.
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