Draft Board Resolution to change the list of Authorised Signatories for Bank Account

Resolved That in supersession of all earlier resolutions passed in this regard, the authorized signatories to the Company’s Bank Account No. ______ maintained with ______ [Name of the Bank] at its Branch at ______, be and is hereby modified as follows with the following members:

  1. ______
  2. ______
  3. ______

Resolved Further That the aforesaid Bank be and is hereby instructed to honour all cheques, drafts, bills of exchange, promissory notes and other negotiable instruments signed, drawn accepted or made on behalf of the Company by any two aforesaid authorized signatories jointly and to act on any instructions so given relating to the said Bank Account(s) of the Company whether the same be overdrawn or not relating to any transaction of the Company.

Resolved Further That any of the Authorised Signatories listed above be authorised to avail services such as Cash Management, RTGS or NEFT payments, e-payments, forex transactions, other payments and collection services on behalf of the Company in the normal course of business from the Bank as per the limits specified above and be further authorised to close the Bank Account, if considered expedient in the interest of the Company.

Resolved Further That a copy of this resolution “certified to be true” by Mr./ Ms. ______ [Name and Designation of the authorized person] of the Company, be submitted to the Bank and the Bank be requested to act thereon.


For and on behalf of ___________ (Company Name) ___________


___________________ (Name of Company Secretary, if any / Director)

___________________ (Designation)

_____________________ (DIN / Membership No. as the case may be)

_____________________ (Address of the Director)

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