Resolution

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 January 2012 dear sir/madam

pls pls provide me with resolution avaling cash credit facility from bank... and pls let me knw board resolution is enough?????
and whether i need to see any limits(provisions) to check or i should go head???

pls its too urgent pls reply????

thanks

regards

tanveer ahuja

CS Ankur Srivastava

CS Ankur Srivastava (Expert)
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10 January 2012 Yes for the same only board resolution will be suffice.

But it should within the borrowing powers limits approved by the shareholders under section 293(1)(d).

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Querist : Anonymous

Querist : Anonymous (Querist)

11 January 2012 dear ankur sir,

mine is pvt ltd, does section 293(1)(d)apply to my co.??? i think no, correct me if i m wrong pls???

CS Ankur Srivastava

CS Ankur Srivastava (Expert)
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11 January 2012 yes it is not applicable on private company.....

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