Draft Board Resolution For Operation of Bank Account

     

Draft Board Resolution For Operation of Bank Account

"RESOLVED THAT Shri ______ and Shri __________ be and are hereby severally authorised to operate the banking accounts of the company with _________ Bank and _________ Bank, such authority to operate the banking accounts to include, inter alia, the authority to sign, draw, accept, endorse and negotiate cheques, hundies, bills of exchange, promissory notes, dividend warrants and other documents relating to goods lodged for collection or negotiation with any bank.”

“RESOLVED FURTHER THAT the said banks be authorised to honour cheques, hundies, bills of exchange, promissory notes, dividend warrants and other documents relating to goods lodged for collection or negotiation with the bank signed, drawn, accepted, endorsed or negotiated by any one of the above-named persons and to act on any instruction so given relating to the accounts whether the same be overdrawn or not, or relating to the transactions of the company, it being specifically declared that such authority shall extend both to the existing banking accounts and to any banking account which may be opened in future in respect of the company.”

“RESOLVED FURTHER THAT all acts, deeds, things, matters, etc. as aforestated shall be deemed to be valid and enforceable only if they are consistent with the instant resolution as may be relevant in this case and that the Board shall not be responsible for any acts beyond the scope of the aforestated powers done by (Name of the authorized person(s) and such invalid, illegal acts, and acts done beyond the scope of  powers granted in this Resolution shall not bind the Company against any third parties or before any authorities  in any manner and that the Board shall not be answerable in that behalf.”

“RESOLVED FURTHER THAT a certified copy of the resolution be given to anyone concerned or interested in the matter.”

Related Post :

Board Resolution Format For Internet Banking

Board Resolution Format For Opening Bank Account

• Twitter
• Facebook
• Google
• Tumblr
• Pinterest