Board resoluation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2014 Dear Sir ,

I require format for Addition of Finance Manager name in Internet Banking Facility.

Bank require Board Resolution for the Same. Our Director already Using this Internet Banking Facility.

Kindly provide me the Format of Board Resolution for the same.

Ankur Garg

Ankur Garg (Expert)
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16 July 2014 CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF THE COMPANY HELD ON JUNE 04, 2011 AT 11.00 A.M. AT _________________________________________

“RESOLVED THAT in suppression of the Resolution passed in the meeting of the Board of Directors dated _______________, in respect of Internet banking facility for the Tax account bearing no. ________________ maintained with IDBI Bank Limited (the Bank), ____________________, in the name and style of _______________, the Company do request for and avail from IDBI Bank Limited, Corporate Internet banking facility for the above Tax account and the Company do accept such terms, regulations, conditions, stipulations laid down by IDBI Bank Limited from time to time for the said purpose.

FURTHER RESOLVED THAT in place of the existing users authorised for using services offered by the Bank under the Corporate Internet banking facility for the said Tax account, the following officials be hereby authorized severally to avail on behalf of the Company, all the services offered by the Bank under the Corporate Internet Banking Facility through its website and do all such acts and deeds necessary, so as to bind the company in relation to such facilities and to accept, sign, execute, deliver and complete all documentation, agreements and forms as are necessary and accept, abide and adhere to all the terms and conditions contained in the application form and put on the website http://idbibank.com or http://idbi.com and agree and abide by such modifications and/or variations in any or all of the terms and conditions as prescribed by the Bank from time to time and to execute such deeds, documents and other writings as may be necessary or required for the purpose and to nominate, substitute, revoke and vary mandate etc. from time to time on behalf of the company in order to request for and avail all the services offered by the Bank under Corporate Internet Banking Facility provided by the Bank.

FURTHER RESOLVED THAT in place of the existing users authorised for using services offered by the Bank under the Corporate Internet banking facility for the said Tax account, the following officials be and are hereby authorized to operate the Corporate Internet Banking Facility on behalf of the company, authorizing to the Company's accounts with IDBI Bank Ltd. and continually operate the account as per the access specifications opted for in the Corporate Internet Banking application form of the Bank, subject to a daily corporate transaction limit of Rs. 10 Crore. (Rupees Ten Crore only)

S. No. Name of Designated Authorised User Jointly Authorisation
1.
2.

FURTHER RESOLVED THAT IDBI Bank Ltd. be and hereby authorized to accept all instructions given or initiated through the Corporate Internet Banking Facility through the initiator / approver from all or any one of the above signatories in respect of the Company's account and the Company does agree to hold IDBI Bank Ltd. harmless and indemnified and agrees to keep IDBI Bank's interest protected on account of the Bank executing such instructions by the above signatories in the manner provided herein above.

FURTHER RESOLVED THAT Mr. Sumit Singh, Sr. Manager Finance or Mr. Sanchit Jain, Accounts Executive are hereby authorized severally to receive the Login ID and Passwords as may be sent by IDBI Bank Ltd. for entering into transactions on the Corporate Internet Banking Facility and are authorized to convey to IDBI Bank Ltd. acceptance of such passwords on behalf of the company.

FURTHER RESOLVED THAT this mandate in favour of the “User(s)”, as regards the Corporate Internet Banking facility of the Bank, shall be in addition to any other mandate as regards operation of our accounts with the Bank and that this resolution shall remain in force until notice in writing of its withdrawal or cancellation, duly signed by the authorized signatories as mentioned here in above, is given to and accepted by the bank.”

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Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2014 Dear Sir ,

Thanks A ton....

I have only One Query - May I Print this Resolution Copies all format on Letter Head OR Only First Page on Letter Head & remaining pages on Normal Paper .

Kindly Explain......

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Ankur Garg

Ankur Garg (Expert)
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16 July 2014 It is advisable to take all print on letter head otherwise bank officials will create issue.

Thanks

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