Signatures in board resolution

Divya Garg (Director) (178 Points)

20 August 2011  

Dear All,

We registered a Pvt Ltd company in Oct 2010 but haven't opened company bank account yet and didn't passed any board resolutions till now.

Company has 3 directors and one of the directors who is 90% owner of the company shares is outside India.

My Question is can the other 2 directors can still pass Board Resolution without 3rd director signature ? Is it acceptable ?

Also, Is it always on plain paper or we can have it on company letter head ?

We talked to HDFC and they said they need signature of all 3 directors in Board resolution.

Please advise.


Divya Garg