Board Resolution for Change of Bank Authorize Signatory

This is a draft board resolution for change the authorize signatories of a company for Bank Transactions (Cheques, Receipts, and any documents related to bank transactions and working).

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS OF __________________ PRIVATE LIMITED AT THE MEETING HELD ON 28^TH APRIL 2014, At _______________________

Resolved that in super session to all other resolution passed earlier by the Board of Directors in its meeting in respect of operation of Current Bank Account bearing no ___________ (Bank Account No.) in the name of the Company existing with ________ Bank, ________________ (Address), be and is hereby authorized to honour all cheques signed any one of the following:

1.    Mr. ________________, Director of the Company

2.    Mr. ________________, Director of the Company

“RESOLVED Further that the aforesaid bank be and is hereby instructed to honour all cheques, promissory notes and other order drawn by and all bills accepted on behalf of the Company whether such account be in credit or overdrawn and to accept and credit to the account of the Company all money deposited with or owing by the Bank or any account or accounts at any time or times kept or to be kept I the name of the Company and the amount of all cheques, notes, bills other negotiable instruments order or receipts provided they are endorsed/ signed as above on behalf of the Company and such signature(s) shall be sufficient authority to bind the Company in all transactions between the bank and the Company including those specifically referred to herein.”

FURTHER RESOLVED THAT Mr. _____________________, Director and Chairman of the Meeting be and is hereby authorised to sign and submit documents as may be required by _______ Bank, ______  Branch from time to time .

CERTIFIED TRUE COPY

                  For _________________ Private Limited

_________________

(Director & Chairman of the Meeting)