Authorised signatory of a Company for Bank Account.
A and B Directors of a Company were operating Bank account from beginning. Seven months before, company passed a resolution to change the authority and produced resolution to tha Bank signed by Director A and New director C and appointed D as single Authorised signatory. Both directors A and C handed over covering letter to that effect to the Bank and accordingly it was verified on MCA21 site then after authorised signatory changed as per resolution.
After seven months Director A presented fresh resolution of the company and there by requested to change present authorised signatory and put himself A and E New director as authorised signatory.
Bank issued notices to C and D for any objection of they have and till then account keep Debit freezed.. D raised put strong objection and reported that the fresh resolution was fraudulent, null and void.
In this circumstances
1. who would be a authorised signatory.
2. Shall orders from Compitant Court or Company Law Board invited.
3. Any other situation.