Draft Board Resolution to change the authorised signatories in Bank

Resolved That in supersession of all earlier resolutions passed in this regard, any two of the following persons of the Company, be and are hereby <severally/jointly> authorized to operate the Bank Account No. _____ maintained with _____ Bank, _____ Branch:

Resolved Further That the Bank be and is hereby authorized to pay, honour all cheques, bills of exchange, promissory notes and instructions, accepted or agreed, for and on behalf of the Company, provided they are signed by the aforesaid signatories in the manner mentioned hereinabove and to act upon any instructions which are given in relation to the account of the Company.

Resolved Further That the above authorized officials are also authorized to operate on behalf of the Company through ‘Corporate Internet Banking’ service on the Company’s accounts including by causing a debit balance in Company’s account(s) with the Bank and/or continually operate the account(s) even when overdrawn, as per the access specifications authorized in Corporate Internet Banking form.

Resolved Further That Bank be and is hereby authorized to accept all instructions given or initiated through the ‘Corporate Internet Banking’ service through initiator and approver from all or any one of the above signatories in respect of company’s account. The Company does agree to hold the Bank harmless and indemnifies and agrees to keep the Bank’s interest protected on account of the bank executing such instructions by the above signatories in the manner provided here in above.

Resolved Further That a certified true copy of the above resolution, duly signed by Mr./ Ms. ______ [Name and Designation of the authorized person] of the Company be sent to the Bank to enable the Bank to give immediate effect to the above resolution.