Aothorisation of director

PRACTICAL CASE

There is a Pvt. Ltd. Company which have 3 Directors A,B & C. All 3 Directors are the same persons who hold 100% issued Share Capital of the Company(45+45+10 = 100%). Company having business of sale or purchase of plot, land and buildings etc.

Now I am purshaced one shop from above company in 1998. Mr. A (Director cum MD) shall signed the whole of the sale deed, and remaining two director signed as witness at the end of sale deed.  (Company paased ressolution and appoint Mr. A as MD and also authorise for sale of above shop).

 

i am having a Overdraft limit in a bank from last 10 year and this shop given to Bank as security against my OD.

 

Actually problem is, Bank manager want a copy of resolution which passed by the company so as to prove that such person(Mr. A) authorise to sell such shop & signed the sale deed. But after 11-12 years where to get this document(Resolution Copy)...how is possible.

I am argue with bank manager and say all three person signed the sale deed(Mr.A on whole deed and remain two as witness) so as no requirement of any document, sale deed is correct and legally registered in my name. but still he not accept and thereafter i tryed to get this document in ROC(through online demanding), Tehsil but i am failed.

So please help me friends/Sir/Mam and tell me what to do to solve this problem and how to prove that the sale deed is correct.

Replies (1)

Said resolution can only be obtained from the records of Company. Yes, for this transaction Board Resolution will be needed by the Bank Manager to check the validity of the signatures.

 

You can request the company for certified copy of said resolution.



Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details