Operating bank account

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sujana (Querist)
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19 July 2012 Can a company authorise to operate its bank account by persons not related to company??

Related case laws & sections??

Ajay Mishra

Ajay Mishra (Expert)
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19 July 2012 Hi

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

CA BHARATH KUMAR (Expert)
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19 July 2012 yes by resolution by director and there is no limit ristriction

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sujana

sujana (Querist)
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20 July 2012 Thanq for ur advise.
Can u pls suggest any related case study & section relevant if any??

Ajay Mishra

Ajay Mishra (Expert)
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20 July 2012 Hi

I think, no need to case study for this, the Board can authorise any person.

CS Ankur Srivastava

CS Ankur Srivastava (Expert)
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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

CS Ankur Srivastava (Expert)
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21 July 2012 Normally, the Board should authorise the person who is in the employment in the company.

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