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Resolution

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(Querist)
01 April 2011 Is a resolution required for writing off a liability?
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Rasesh

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Rasesh (Expert)
01 April 2011 Not according to Company Law. But the Income Tax Department may demand a copy of the board resolution approving the write off of bood debts / write back of liabilites.
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SATHEESH

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SATHEESH (Querist)
01 April 2011 Resolution under which section?
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Rasesh

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Rasesh (Expert)
01 April 2011 As stated it is not mandatory.
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SATHEESH

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SATHEESH (Querist)
01 April 2011 Ok ..
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