Master resolution

Kavitha (-) (210 Points)

31 January 2014  

Dear Friends,

In a Company where Shareholders Agreement has been executed where BM can be conducted only in the presence of 2 parties directors, where one of the party resides out of the station, can we pass a master resolution in relation to Loan/Ods, etc.,  that the other party's directors are authorized to take ODs/loans, etc.

Regards,

Kavitha.