what is the process of functioning of a Pvt Ltd company in case two of its three directors are unable to attend the company affairs. One of the three directors has been barred as authorised signatory in any of the affairs of the companies and another is seriously ill and hospitalised under critical care. the affairs are:
1. Board resolutions
2. Addition of a director as the company bylaws suggest signature of any two directors in banking affairs.
3. Representation to the bank for allowing the cheques to be honored with single signature in absentia of the resolution with two signatures.
Kindly suggest the procedures to run the affairs.
1. Board resolutions
2. Addition of a director as the company bylaws suggest signature of any two directors in banking affairs.
3. Representation to the bank for allowing the cheques to be honored with single signature in absentia of the resolution with two signatures.
Kindly suggest the procedures to run the affairs.