Draft Board Resolution for Availing Bank Loan/Credit Facility/Overdraft Facility “RESOLVED THAT consent of the Board be and is hereby given for availing Bank Loan/Credit Facility/Overdraft Facility for meeting the ____________ (requirements of the Company) from  ___________ BANK on such terms and conditions, as contained in the Draft Loan Agreement/Loan Sanction Letter/Security Document which is placed before the board and initialed by the … Read more

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Draft Board Resolution For Change in Authorised Signatory for Bank Account “RESOLVED THAT in supersession of the earlier resolution passed by the Board for authority given by the Company to operate the Current Account No. __________ with the ________  Bank now the following directors of the Company be and are hereby jointly and severally authorised … Read more

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 … Read more