DRAFT Board
Resolution for Availing of Corporate Internet Banking
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The Central Board of Direct Taxes, vide
notification S.O.No.493(E) dated 13.3.2008 have notified that all the companies
are required to pay the taxes electronically. In the light of the above
referred notification of CBDT, Board of
Directors accorded their consent to avail the Corporate Internet Banking
facility for the online payment/deposition of TDS, Advance Tax, Income Tax,
Dividend Distribution Tax and various other taxes and passed the following resolution unanimously :
notification S.O.No.493(E) dated 13.3.2008 have notified that all the companies
are required to pay the taxes electronically. In the light of the above
referred notification of CBDT, Board of
Directors accorded their consent to avail the Corporate Internet Banking
facility for the online payment/deposition of TDS, Advance Tax, Income Tax,
Dividend Distribution Tax and various other taxes and passed the following resolution unanimously :
RESOLVED
THAT:
THAT:
(A) The Company do avail the
‘Corporate Internet Banking Service’ over Internet Channel, by whatever
nomenclature it may be referred to now or ever, for the Current Account bearing
No…………… opened with ………… Bank at their ……………………….. Branch
and the company do accept such terms, regulations, conditions, stipulations
laid down by …………… Bank, from time to time, for the purpose.
‘Corporate Internet Banking Service’ over Internet Channel, by whatever
nomenclature it may be referred to now or ever, for the Current Account bearing
No…………… opened with ………… Bank at their ……………………….. Branch
and the company do accept such terms, regulations, conditions, stipulations
laid down by …………… Bank, from time to time, for the purpose.
(B) The Company do execute
necessary agreement form(s), authority letter(s) and any other related
documents from time to time for this purpose.
necessary agreement form(s), authority letter(s) and any other related
documents from time to time for this purpose.
(C) Shri ………………………….
and ……………………….. of the company, be and are hereby authorized
to receive the Customer login ID and PIN mailers to access the Corporate
Internet Banking facility.
and ……………………….. of the company, be and are hereby authorized
to receive the Customer login ID and PIN mailers to access the Corporate
Internet Banking facility.
(D) Shri ………………………….
and ……………………… of the company, are empowered by the Company
jointly in respect of the Company’s Accounts to accept, sign, execute, deliver
and complete all documentation, agreements, accounts opening forms, variation
in any terms and conditions, nominate, substitute, revoke and vary mandate etc.
from time to time and on behalf of the Company, be and is hereby authorized to
apply for and avail of the ‘Corporate Internet Banking’ facility provided by ………..
Bank and do all that they have been authorized, electronically using their User
Name and password.
and ……………………… of the company, are empowered by the Company
jointly in respect of the Company’s Accounts to accept, sign, execute, deliver
and complete all documentation, agreements, accounts opening forms, variation
in any terms and conditions, nominate, substitute, revoke and vary mandate etc.
from time to time and on behalf of the Company, be and is hereby authorized to
apply for and avail of the ‘Corporate Internet Banking’ facility provided by ………..
Bank and do all that they have been authorized, electronically using their User
Name and password.
(E) Each of the above authorized
officials is also authorized to operate electronically transactions with ……………………
Bank on behalf of the Company through ‘Corporate Internet Banking’ service on
the company’s accounts including by causing a debit balance in the Company’s
account(s) with ………. Bank and/or continually operate the account(s)
within the permissible limit when overdrawn, as per the access specifications
authorized in the Corporate Internet Banking form.
officials is also authorized to operate electronically transactions with ……………………
Bank on behalf of the Company through ‘Corporate Internet Banking’ service on
the company’s accounts including by causing a debit balance in the Company’s
account(s) with ………. Bank and/or continually operate the account(s)
within the permissible limit when overdrawn, as per the access specifications
authorized in the Corporate Internet Banking form.
(F) ……………….. Bank be
and is hereby authorized to accept all valid instructions thourgh the
‘Corporate Internet Banking’ service on the company’s accounts including by
causing a debit balance in the Company’s account(s) with ………… Bank and/or
continually operate the account(s) within the permissible limit when overdrawn,
as per the access specifications authorized in the Corporate Internet Banking
form.
and is hereby authorized to accept all valid instructions thourgh the
‘Corporate Internet Banking’ service on the company’s accounts including by
causing a debit balance in the Company’s account(s) with ………… Bank and/or
continually operate the account(s) within the permissible limit when overdrawn,
as per the access specifications authorized in the Corporate Internet Banking
form.
(G) ………………. Bank be
and is hereby authorized to accept all valid instructions though the ‘Corporate
Internet Banking’ service for the company.
and is hereby authorized to accept all valid instructions though the ‘Corporate
Internet Banking’ service for the company.
(H) The Company’s proposal to
indemnify the …………….. Bank in the event of any wrongful use or misuse
of the Corporate Internet Banking service, be and is hereby approved.
indemnify the …………….. Bank in the event of any wrongful use or misuse
of the Corporate Internet Banking service, be and is hereby approved.
The above draft board resolution for availing of corporate internet banking facility is only for reference purposes make sure to incorporate necessary changes as per your requirements.