Operating bank account
This query is : Resolved
19 July 2012
Can a company authorise to operate its bank account by persons not related to company??
Related case laws & sections??
Related case laws & sections??
Ajay Mishra
(Expert)
19 July 2012
Hi
Yes, you can authorise any person to operate bank account by Board Meeting. There is no restriction to do so.
Yes, you can authorise any person to operate bank account by Board Meeting. There is no restriction to do so.
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CA BHARATH KUMAR
(Expert)
19 July 2012
yes by resolution by director and there is no limit ristriction
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20 July 2012
Thanq for ur advise.
Can u pls suggest any related case study & section relevant if any??
Can u pls suggest any related case study & section relevant if any??
Ajay Mishra
(Expert)
20 July 2012
Hi
I think, no need to case study for this, the Board can authorise any person.
I think, no need to case study for this, the Board can authorise any person.
CS Ankur Srivastava
(Expert)
21 July 2012
Yes the Company may authorise any person other than Board of Directors to operate the Bank Account, by way of Board Resolution.
CS Ankur Srivastava
(Expert)
21 July 2012
Normally, the Board should authorise the person who is in the employment in the company.
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