Is md authorise to purchase land on behalf of pvt ltd company
This query is : Resolved
17 November 2017
Dear SirI am managing director of a pricate limited company. I am willing to purchase a land in the name of the company. Now the revenue department is asking for a board resolution stating that I am authorise to purchase the land. But my question is I being the managing director am I not eligible to purchase the said land without submitting any board resolutionthanks in advance
CS Mitesh Mehta
(Expert)
02 December 2017
Board resolution is required as you are purchasing land in the name of the company
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