Board Resolution Authorizing the Signing of Checks

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Board Resolution Authorizing the Signing of Checks

Board Resolution Authorizing the Signing of Checks

{{company_name}} {{company_address}} Tel: {{phone}} Email: {{email}} Website: {{website}}

BOARD RESOLUTION

**TOPIC:** Authorization for Signing of Checks

**DATE:** {{date_of_resolution}}

**WHEREAS,** it is necessary for the efficient operation of {{company_name}} (the “Company”) to delegate authority for signing checks and making payments from the Company's bank accounts; and

**WHEREAS,** the Board of Directors deems it appropriate to formally authorize certain individuals to execute such instruments.

RESOLVED:

**1. Designation of Authorized Signatories:** That the following individuals are hereby authorized to sign checks on behalf of {{company_name}} for the Company's banking accounts held at {{bank_name}}, Account Number {{bank_account_number}}:

a) {{authorised_signatory_1_name}} (Identity Number: {{authorised_signatory_1_id_number}})

b) {{authorised_signatory_2_name}} (Identity Number: {{authorised_signatory_2_id_number}})

c) {{authorised_signatory_3_name}} (Identity Number: {{authorised_signatory_3_id_number}})

LIMITS AND CONDITIONS:

**2. Individual Signing Authority:** For checks or payments up to the amount of {{solo_signature_limit}}, any one of the authorized signatories listed in Resolution 1 may sign singularly.

**3. Dual Signing Authority:** For checks or payments exceeding {{solo_signature_limit}} but not exceeding {{dual_signature_limit}}, at least two of the authorized signatories listed in Resolution 1 must sign jointly.

**4. Board Approval for Larger Transactions:** For checks or payments exceeding {{dual_signature_limit}}, prior written approval from the Board of Directors, as evidenced by a further board resolution, shall be required in addition to the dual signatures of the authorised signatories.

**5. Effective Date:** This resolution shall be effective from {{effective_date}} and shall remain in full force and effect until revoked or amended by a subsequent resolution of the Board of Directors.

BANK NOTIFICATION:

**6. Notification to Bank:** That the Secretary or any Director of the Company is hereby authorized and directed to furnish a certified copy of this Resolution to {{bank_name}} and to do all things necessary to give full effect to these resolutions.

**7. Provision of Specimen Signatures:** The Company Secretary shall ensure that specimen signatures of all authorized signatories are provided to {{bank_name}}.

CERTIFICATION

We, the undersigned, being all the Directors of {{company_name}}, hereby certify that the foregoing is a true and accurate copy of a resolution duly passed at a meeting of the Board of Directors held on {{date_of_resolution}} at {{place_of_meeting}}, and that such resolution is in full force and effect and has not been altered, amended, or revoked.

**Dated** this {{day_of_certification}} day of {{month_of_certification}}, {{year_of_certification}}.

SIGNATURES:

___________________________

{{director_1_name}}

Director

___________________________

{{director_2_name}}

Director

___________________________

{{company_secretary_name}}

Company Secretary