https://www.taxtmi.com/caselaws?id=196391 The Court upheld the Company Law Board's decision allowing the managing director to operate the company's bank account independently, citing Clause 41 of the articles of association. The appellants' concerns about potential misuse of authority were deemed unfounded, as safeguards were in place. The Court found no substantial legal question to entertain the appeal, resulting in the dismissal of the case without costs awarded. en-us Mon, 28 Jan 2008 00:00:00 +0530 Wed, 29 Nov 2017 16:47:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196391 The Court upheld the Company Law Board's decision allowing the managing director to operate the company's bank account independently, citing Clause 41 of the articles of association. The appellants' concerns about potential misuse of authority were deemed unfounded, as safeguards were in place. The Court found no substantial legal question to entertain the appeal, resulting in the dismissal of the case without costs awarded. Case-Laws Companies Law Mon, 28 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196391