Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 25 August 2014
MGT 14 not required for resolution passed for opening a bank account...MGT 14 is only to be filed by the BOD if they have passed resolution pertaining to the following matters....
(1) making calls on shareholders in respect of money unpaid on their shares;
(2) authorizing buy-back of securities under section 68;
(3) issuing securities, including debentures, whether in or outside India;
(4) borrowing monies;
(5) investing the funds of the company;
(6) granting loans or give guarantee or provide security in respect of loans;
(7) approving financial statement and the Board’s report;
(8) diversifying the business of the company;
(9) approving amalgamation, merger or reconstruction;
(10) taking over a company or acquire a controlling or substantial stake in another company;
(11) making political contributions;
(12) appointing or removing key managerial personnel (KMP);
(13) taking note of appointment(s) or removal(s) of one level below the Key Management Personnel;
(14) appointing internal auditors and secretarial auditor;
(15) taking note of the disclosure of director’s interest and shareholding;
(16) buying, selling investments held by the company (other than trade investments), constituting five percent or more of the paid up share capital and free reserves of the investee company;
(17) inviting or accept or renew public deposits and related matters;
(18) reviewing or change the terms and conditions of public deposit;
(19) approving quarterly, half yearly and annual financial statements or financial results as the case may be.
Hopefully it is clear......
CAclubindia
