Is board resolution mandatory for making short term deposit with Banks by a private limited company? Please answer with some reference. Thanks in Advance.
2 Replies
CS Divesh Goyal
(Practicing Compnay Secretary)
(50945 Points)
Replied 19 April 2017
Mr. SUSHIL KUMAR
Yes as per Section 179(3) it is mandatory to pass board resolution for investments.
But in case Company has already passed a resolution with bigger limit then not required.
Please feel free to write on below mentioned email address for any further clarification.
csdiveshgoyal @ gmail.com.
SUSHIL KUMAR SHARMA
(COMPANY SECRETARY)
(246 Points)
Replied 20 April 2017
Dear Sir,
Thanks for your reply.
Please click on below URL and please explain whether BR is required for making short term fixed deposits with Banks.
/forum/fixed-deposit-investment-or-not-292564.asp
Thanks
Recent Topics
- First GSTR 1 to include invoice after threshold cr
- How To File ITR Without Form 16 for Salaried Indiv
- SAC code change
- GST calculation for payment received by payment ga
- Wrong GST Filled/ Cancelled invoice uploaded in re
- Eligibility for Form 15H in New Tax Regime
- Taxation on Agriculture Land in India as per Incom
- Loss setoff
- About mismatch of GSTR-2A and GSTR-3B
- New Excel-Based Utility
Related Threads
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CA Deepak Gupta26 April 2025
CAclubindia
