Board Resolution – [Authorization to avail the corporate iconnect services]
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF (NAME OF THE COMPANY) HELD AT THE REGISTERED OFFICE OF THE COMPANY AT (ADDRESS) ON (DATE) AT (TIME)
The Chairman informed the Board that a new corporate iconnectTM services has been started by(Name of the Bank) to make it convenient for their customer to do transaction with ease and less of time like making of e-payment, electronic fund transfer facility etc.He further informed that it is necessary to authorize someone to get these services for the account to be opened with (Name of the Bank) at their various branches. The Board considered the same and passed the following resolution:
“RESOLVED THAT the Company do avail the Corporate iconnectTM services for the accounts to be opened with (Name of the Bank) at their various branches and the company do accept such terms, regulations, conditions, stipulations laid by (Name of the Bank) from time to time for the purpose”.
“RESOLVED FURTHER THAT the company do execute necessary documents, agreement form (s), authority letter (s) and/ or any other related documents from time to time for the purpose”.
“RESOLVED FURTHER THAT the following officials be hereby singly/jointly authorized to accept, sign, execute, deliver and complete all documentation, agreements, accounts opening forms, and accept and abide by the modification and / or variations in any or all the terms and conditions from time to time and to nominate, substitute, revoke and vary mandate etc. from time to time and on behalf of the company, in order to apply for and avail and operate the ‘Corporate iconnectTM facility provided by (Name of the Bank):
Individually
(Name of the person(s) authorized with their designation)
Jointly
(Name of the person(s) authorized with their designation)
“RESOLVED FURTHER THAT the maximum corporate limit for fund transfer is Rs._________per day”.
RESOLVED FURTHER THAT the above authorized officials are to operate on behalf of the company Corporate iconnectTM service on the company’s accounts including by causing a debit balance in company’s account(s) with (Name of the person(s) authorized with their designation) and/ or continually operate the account(s) even when overdrawn, as per the access specifications authorized in the corporate iconnectTM”.
“RESOLVED FURTHER THAT (Name of the person(s) authorized) be and are hereby authorized to accept all instructions given or initiated through the Corporate iconnectTM service singly / jointly from the above signatories in respect of company’s account/s. The company does agree to hold (Name of the person(s) authorized) harmless and indemnifies and agrees to keep the (Name of the person(s) authorized) interest protected on account of the bank”.“FURTHER RESOLVED THAT a copy of this resolution be and hereby be submitted to (Name of the person(s) authorized) duly certified by all or any of the persons so authorized”.
Pro-Formats 