Questions

 Ours is a Pvt Ltd Co (incorporated in May 2010) and myself and wife are the directors of the company. We are residing outside of India however the registered office in India and I am coming to India in the next week.  I have a couple of question in regards to my co and any help would be greatly appreciated.

1. We are applying for a loan with the bank and required to submit a resolution copy. Can a resolution meting be held outside the country/? If not, can one director sign on the resolution copy?

2. To increase company’s paid up capital, can one director's signature be sufficient on the application or signature would be required by both the directors?

3. Is there any need of company seal for any of the above requirements?

Anyway, I am taking my wife's Power of attorney to act on her behalf for any company /financial/legal activities. Would the POA be sufficient for the above activities?

Please advise.

Regards