Use of business bank account

[daffey]

1.Under what circumstances can a shareholder who has access to a company bank account, take money from it?

2.Would a director have to approve any drawings on the bank account or is it sufficient just to be authorised to access bank account to take money from it?

3.What other reason would a shareholder have to lodge money into a company bank account other than investment or purchase of a good or service offered by the company?

 

[ubiquitous]

I would have thought it pretty much impossible to answer these questions meaningfully on a site such as this given their open-ended nature and the complexity of company law. If your queries relate to an real-life situation, you may need to get proper legal advice.

 

[daffey]

Doesn't relate to a real life event that effects me, just a debate I had about a large company and obvious security breech. Website sufficient for this purpose

Tks...