Company law

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 February 2012 Dear All,
mine is the private company.

can any one provide me following type of
"Board Resolution for applying credit limits for takeover of existing credit facilities."

Is it require by the Board to take permission of company in AGM before applying

CS Ankur Srivastava

CS Ankur Srivastava (Expert)
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09 February 2012 your query is not clear...
please clear i think you need to obtain bank limits...
for this you have to pass ordinary resolution to increase the borrowing powers under section 293(1)(d) and file form 23.