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Fixed deposits

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(Querist)
08 May 2016 Whether board resolution is required before making new Fd by the co? Whether for short term or long term?
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CA ALOK KUMAR

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CA ALOK KUMAR (Expert)
08 May 2016 FD is also having separate bank with with concerned banker, which is being fixed for certain period and contains certain rate of interest. So, if for opening current account in bank, it is required board resolution, likewise to open FD account with Bank, it is required to have board resolution. For any further query, you may write us at info@wealth4india.com or call us @9266242424
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Amol S Joglekar

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Amol S Joglekar (Expert)
09 May 2016 Board resolution is required for such a situation.
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Rupesh Jain

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Rupesh Jain (Expert)
12 May 2016 your can make, but when bank a/c open then in resolution one person is authorised and also mention that he/she make proper management of the fund of company and company will abide with action of such person.
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