Four of us (A, B, C, D) have registered a Pvt ltd company. Lets say I am A. Note that Director D has left the country and is not involved in the company, though we are in good terms.
We have a bank account where I personally put the amount of INR 25k (via chqeue from my personal account). This is a joint account in the names of A and B (remember, I am A).
We will be closing the company shortly for reasons not relevant here. For now, we want to close the bank account.
Kindly explain what will be required for this. I know we will need a board resolution and a account closing form. Specifically my questions are:
1. Do all four directors need to sign a board resolution? Can't the two signature of the two account holders (A, B) be sufficient? Will it be sufficient for the directors currently present (A, B, C) to sign the resolution?
2. How do I get the INR 25k back to my personal account?
Regards
SXR
CAclubindia
