anand das (service) 19 February 2010
Can board of directors of a private limited company authorize a person who is not in the board of Directors of the company and who is also non-office bearer of the company to mortgage the company property by empowering him in a board resolution ?
Will it be illegal to authorize such non-office bearer person to empower by a board resolution to mortgage (sign , execute mortgage deed) for the company?
Daksh (Student) 19 February 2010
Dear Anand,
The answer to your query is "DEFINATIVE YES".
BEST REGARDS
DAKSH
Ankur Garg (Company secretary) 06 March 2010
YES.
This is very much allowed.
CA Adarsh Agrawal (CMD of SHAYVIDZ Group) 07 March 2010
agreed wid learned members..
Rashi (Student) 08 March 2010
Yes.. allowed
Akhilesh (nididsdnk) 30 March 2010
allowed...go 4 it.
CS Pooja (Company Secretary) 08 April 2010
Yes, the Board can authorise through a resolution.
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