Can only one director be authorised to do all bank operations?
Replies (2)
Quick Summary
Yes, a single director can be authorised to conduct all bank operations. This requires a formal board resolution to appoint them as the authorised signatory for these specific tasks. The resolution ensures the director has the legal authority to perform these operations.
Yash actor can be appointed as the authorised person. but for that board resolution must be passed in the board meeting authorising the particular director