Dear All,
Can a NED has the signing authority in Banks and other Income tax related matters?
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 06 September 2016
For Banks - Yes, he can. For income-tax matters refer Sec.140(c) of Income Tax Act 1961.
CAclubindia
