Can you please let me know which are the documents for which we need a Board Resolution to be a authorised signatory ? Can we sign day to day internal/operational letters without a Board Resolution ?
Reshma (Legal Consultant) 27 May 2011
Can you please let me know which are the documents for which we need a Board Resolution to be a authorised signatory ? Can we sign day to day internal/operational letters without a Board Resolution ?
KRISHNA 24 December 2016
As per Section 21 of Companies act, 2013
Save as otherwise provided in this Act,—
(a) a document or proceeding requiring authentication by a company; or
(b) contracts made by or on behalf of a company,
may be signed by any key managerial personnel or an officer of the company duly authorised
by the Board in this behalf
Hence, the authorized signatory can be authorized only by Board. For internal operations, it depends on the policies and practices.
cs santosh jagtap (PRACTICING COMPANY SECRETARY) 11 February 2017
along with section 21 of companies act, 2013 read section 22 which deal execution of bills of exchange etc.hence company need to follow section 21, 22 and MOA, AOA of company
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