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Board resolution

Resolutions 778 views 4 replies

Dear frnds 

Kindly let me know whether a board resolution is requried to purchase a fixed asset in case of private limited company 

if yes then provide me the format thereof 

 

Thanks with regards 

Replies (4)

As a matter of good corporate practice, you can enter it in your minutes. 

Originally posted by : Anil Dhiman
As a matter of good corporate practice, you can enter it in your minutes. 

So it means we are not required if we wish then we do else no matter

That is perfectly right. There is no compulsion because it does not attract any provisions of Companies Act. 

Thanks with best wishes


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