Board Resolution For Making Fixed Deposit with Bank

     

Board Resolution For Making Fixed Deposit with Bank

RESOLVED THAT pursuant to Section 179(3)(e) and other applicable provisions, if any, of the Companies Act, 2013, consent of the Board be and is hereby accorded to invest upto Rs. _________________in Fixed Deposit Scheme of _____________ (name of the bank) and that the said investment be made from the surplus funds available with the Company.

RESOLVED FURTHER THAT Mr. ______________or Mr. ____________ of the company be and are hereby jointly and / or severally authorized to sign the necessary documents and to receive the amount of the said Fixed Deposit Account(s) and interest thereon and / or to renew the same for such period(s) as may be required by endorsing or discharging the Fixed Deposit Receipts.

RESOLVED FURTHER THAT the Company do accept the terms and conditions as contained in the application form or any other terms and conditions as may be notified by the Bank in connection with the provisions of products and services offered by the bank through other channels as phone and internet.

FURTHER RESOLVED THAT the Bank be furnished with specimen signature of Mr. _______ and Mr. __________ of the Company along with the certified copy of the above said resolution.

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