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faculty of law (DU)

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By : Swagat Mohanty
On : 26 July 2013

Can a company authorise a 3rd person to operate its account

 A Pvt Ltd co (Closed one), authorises a complete stranger to operate their Cash credit facility, by way of a Board Resolution. There is no specific resolution as to use of company logo, pad, seal etc.


Is it permissible on part of bank to accept such authorisation and permit the stranger to operate the account ?


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