1) WHAT IF A PERSON WHO IS A EMPLOYEE OF A GROUP COMPANY SAY " COMPANY A" SIGNS ALL THE STATUTORY CORRESPONDENCES, documents AND RETURNS ( GRATUITY, PF ESIC, INCOME TAX, VAT, SALES TAX,EXCISE ETC ..), BANK CORRESPONDENCES FOR ANOTHER GROUP COMPANY SAY "COMPANY B" WITHOUT PROPER RESOLUTION IN PLACE. CAN SUCH ACTS BE RATIFIED. WHAT ARE THE OTHER CONSEQUENCES OF SUCH ACTS. CAN HE VALIDLY DO SO IF HE IS DEPUTED IN COMPANY B FOR SOME TIME EVEN IF HE DRAWS SALARY FROM COMPANY A
2) CAN A DIRECTOR OF A FOREIGN HOLDING COMPANY DEPUTED TO INDIAN SUBSIDARY OR LOANED TO INDIAN SUBSIDARY SIGN ALL THE ABOVE MENTIONED STATUTORY DOCUMENTS OF A INDIAN SBSIDARY??
3 )WHO HAS THE AUTHORITY TO "VERIFY" FORM 16 IN CASE OF AN COMPANY FOR EMPLOYEE SALARIES AND FORM 16A IN CASE OF A BANK OF INCOME TAX ACT.?
ALL LEGAL EXPERTS KINDLY REVERT.....
CAclubindia
