I’m a director of my private limited company. If I put money in a fixed deposit in the company’s name at the bank, with just my signature on it, can the other director withdraw the funds without my consent?
1 Answers
Best Answer
In India, a private limited company requires at least two directors for operational decisions. A fixed deposit in the company’s name would need the signatures of both directors for withdrawal. Therefore, the other director cannot withdraw funds from the fixed deposit without your consent.
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