COMPANY NAME

EXTRACTS OF THE RESOLUTION PASSED THE MEETING OF BOARD OF DIRECTORS OF THE COMPANY
M/S. ………….. HELD ON ……… AT ……. AM AT THE REGISTERED OFFICE AT ……………

OPENING CURRENT ACCOUNT WITH ____________, _________BRANCH

A proposal to open a current Account with the (Bank Name and branch) was placed before the Board
for conducting its day-to-day financial transactions. After discussions, the Board unanimously
approved:

“RESOLVED THAT Current Account in the name & style of ………………… be opened with the (Bank Name
and Address), for the operations of the activities of the Company and that the following Authorized
Signatory(ies) of the Company be and are hereby authorized to open and operate the said account
severally:

S NO NAME DESIGNATION OPERATION

RESOLVED FURTHER THAT the aforesaid bank be and is hereby instructed to honour all cheques,
promissory notes and other orders 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
moneys deposited with or owing by the bank or any account or accounts at any time or times kept or to
be kept in the name of the company and the amount of all cheques, notes, bills, other negotiable
instruments, orders or receipt provided they are endorsed/ signed  by the said person(s) on behalf of
the company and such signature shall be sufficient authority to bind the company in all transactions
between the bank and the company including those specifically referred to herein.”

RESOLVED FURTHER THAT the company do avail the ‘Corporate Internet Banking’ service for the to be
opened with ____________ (“the Bank”) and the company do accept such terms, conditions, stipulation
laid down by the Bank from time to time for the purpose.

RESOLVED FURTHER THAT the company do execute necessary documents, agreement form(s), authority
letter(s) and/or any other related documents from time to time for this purpose and accept its terms
and conditions including any modifications thereof.
 COMPANY NAME
RESOLVED FURTHER THAT all the above authorised officials are also authorised 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 authorised in Corporate Internet
Banking form.

RESOLVED FURTHER THAT a copy of this resolution be and hereby submitted to the Bank duly certified
by any of the Directors of the Company.

For ……………………….

(Name)
DIRECTOR
DIN: