Operating bank account

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sujana (Querist)
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19 July 2012 Can a company authorise to operate its bank account by persons not related to company??

Related case laws & sections??

Ajay Mishra (Expert)
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19 July 2012 Hi

Yes, you can authorise any person to operate bank account by Board Meeting. There is no restriction to do so.

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CA BHARATH KUMAR (Expert)
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19 July 2012 yes by resolution by director and there is no limit ristriction

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sujana (Querist)
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20 July 2012 Thanq for ur advise.
Can u pls suggest any related case study & section relevant if any??

Ajay Mishra (Expert)
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20 July 2012 Hi

I think, no need to case study for this, the Board can authorise any person.

CS Ankur Srivastava (Expert)
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21 July 2012 Yes the Company may authorise any person other than Board of Directors to operate the Bank Account, by way of Board Resolution.

CS Ankur Srivastava (Expert)
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21 July 2012 Normally, the Board should authorise the person who is in the employment in the company.

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