Resolution


This query is : Resolved 

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

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.

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

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

SATHEESH (Querist)
01 April 2011 Ok ..
Thank U..


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