If one of the partner in a partnership firm revokes his authority given to managing partner to operate the bank account of the firm ,what the managing partner has to do ?
Asked on 8/20/14, 2:47 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
20.08.2014
Dear Sir / Madam,
If there are only two partners, the partnership firm has to be dissolved. If more, an alternative cheque signatory has to be decided and approved by the firm.
Regards,
Answered on 8/20/14, 6:09 am
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