Due diligence report
This query is : Resolved
06 September 2013
Due diligence Report - Consortium Finance by banks can be signed by CS only ?
Ajay Mishra
(Expert)
06 September 2013
Hi
Please check Board Resolution, in which such CS is authorised or not for this purpose.
Please check Board Resolution, in which such CS is authorised or not for this purpose.
07 September 2013
Si,
No any resolution is passed till now.
Is it mandatory to pass a resoltion & either a CA or CS can be authorised.
No any resolution is passed till now.
Is it mandatory to pass a resoltion & either a CA or CS can be authorised.
Ajay Mishra
(Expert)
07 September 2013
Yes, Board resolution is required for authorisation.
Ajay Mishra
(Expert)
07 September 2013
No it is not mandatory. You can authorise to some one other than CA/CS of the company.
07 September 2013
Actually in the format it is mentioned like
Name of Company Secretary
C. P No etc
So have doubt.
this format is as per the RBI.
Name of Company Secretary
C. P No etc
So have doubt.
this format is as per the RBI.
Ajay Mishra
(Expert)
07 September 2013
Yes when you appoint PCS for this then you will mention the details of PCS.
Generally RBI give such authority to CA/CS only.
Generally RBI give such authority to CA/CS only.
26 September 2013
For the purpose of the borrowing powers of the company ie for the purpose of section 292, the Cash credit limit is included or excluded.
I need any supporting for the same..
Thanks in advance
I need any supporting for the same..
Thanks in advance
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