Resolution
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 January 2012
dear sir/madam
pls pls provide me with resolution avaling cash credit facility from bank... and pls let me knw board resolution is enough?????
and whether i need to see any limits(provisions) to check or i should go head???
pls its too urgent pls reply????
thanks
regards
tanveer ahuja
pls pls provide me with resolution avaling cash credit facility from bank... and pls let me knw board resolution is enough?????
and whether i need to see any limits(provisions) to check or i should go head???
pls its too urgent pls reply????
thanks
regards
tanveer ahuja
10 January 2012
Yes for the same only board resolution will be suffice.
But it should within the borrowing powers limits approved by the shareholders under section 293(1)(d).
But it should within the borrowing powers limits approved by the shareholders under section 293(1)(d).
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Querist : Anonymous
Querist :
Anonymous
(Querist)
11 January 2012
dear ankur sir,
mine is pvt ltd, does section 293(1)(d)apply to my co.??? i think no, correct me if i m wrong pls???
mine is pvt ltd, does section 293(1)(d)apply to my co.??? i think no, correct me if i m wrong pls???
11 January 2012
yes it is not applicable on private company.....
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