Power of board

Mr. SUSHIL KUMAR 

Yes as per Section 179(3) it is mandatory to pass board resolution for investments.

But in case Company has already passed a resolution with bigger limit then not required.

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Please feel free to write on below mentioned email address for any further clarification.

csdiveshgoyal @ gmail.com. 

Dear Sir,

Thanks for your reply. 

Please click on below URL and please explain whether BR is required for making short term fixed deposits with Banks.

/forum/fixed-deposit-investment-or-not-292564.asp

Thanks