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Resolution Opening a Bank Account

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Resolution Opening a Bank Account Powered By Docstoc
					                         On the letterhead of the Company


The Chairperson apprised the Board about increased business activities in ____ and
necessity of opening Bank account in the same city for smooth operation of the
business. In response to same The Board unanimously passed t he following
resolution,
“RESOLVED THAT an account be opened with Bank of Maharashtra, _______
Branch, ____.
THAT the Bank be instructed to honor all Cheques, Bills of Exchange, Promissory
notes or other orders which may be drawn by and all bills which may be accepted
on behalf of the Company, whether such account be in credit or overdrawn and to
accept and act upon all applications for letters of credit, orders for the purpose and
purchase and sale of Foreign Exchange, Trust receipts and receipts for monie s
deposited with or owing by the Bank on any account or accounts at any time or
times kept or to be kept in the name of the company, provided that such Cheques,
Bills of Exchange, Promissory notes, applications for letters of Credit, orders for
the purpose and purchase and sale of Foreign Exchange, Trust receipts and receipts
for money as aforesaid are signed by any one or Jointly of the Directors,


Mr. _____________
Mr. _____________



THAT the Bank be furnished with a copy of Memorandum and Articles of
Association specimen signatures of the Directors authorized to sign on behalf of
the Company and inform the Bank of any changes therein.

THAT the Foregoing resolutions be communicated to the Bank and remain enforce
until notice in writing be given to the Bank by the Chairman.


For ABC Private Limited




Director

				
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