Board Resolution Regarding Banking Account

{{company_name}}

{{company_address}}

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

Board Resolution Regarding Banking Account

Board Resolution Regarding Banking Account

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

BOARD RESOLUTION REGARDING BANKING ACCOUNT

**RESOLUTION NUMBER: {{resolution_number}}**

**DATE: {{date}}**

CERTIFIED EXTRACT OF THE MINUTES OF A MEETING OF THE BOARD OF DIRECTORS OF {{company_name}}

Duly held at {{meeting_location}} on {{meeting_date}} at {{meeting_time}}.

PRESENT

The following Directors were present at the meeting:

{{director_1_name}}

{{director_2_name}}

{{director_3_name}}

QUORUM

It was noted that a quorum was present for the transaction of business.

RESOLUTION TO OPEN A BANKING ACCOUNT

**RESOLVED THAT:**

1. The Company open a banking account with **{{bank_name}}** (hereinafter referred to as “the Bank”).

2. The account be designated as a **{{account_type}}** account, with account number **{{account_number_if_known}}** (if applicable).

3. The mandate for the operation of this account shall be as follows:

a. Any **{{number_of_signatories}}** of the following Directors/Officers are hereby authorized to sign cheques, make withdrawals, effect transfers, and transact generally on the account:

i. {{authorised_signatory_1_name}} (ID/Passport No: {{authorised_signatory_1_id}})

ii. {{authorised_signatory_2_name}} (ID/Passport No: {{authorised_signatory_2_id}})

iii. {{authorised_signatory_3_name}} (ID/Passport No: {{authorised_signatory_3_id}})

b. The **{{chairman_or_company_secretary}}** is hereby authorized to provide the Bank with all necessary documents and information required for opening and operating the account.

RESOLUTION TO MODIFY/CLOSE A BANKING ACCOUNT (Optional - Delete if not applicable)

**RESOLVED THAT:**

1. The existing banking account with **{{old_bank_name}}**, account number **{{old_account_number}}**, be **{{modification_or_closure_action}}**.

2. The **{{chairman_or_company_secretary}}** is hereby authorized to provide all necessary instructions and execute all documents required to effectuate the **{{modification_or_closure_action}}** of the aforementioned account.

CERTIFICATION

I, the undersigned, **{{certifying_officer_name}}**, being the duly appointed **{{certifying_officer_title}}** of **{{company_name}}**, hereby certify that the above is a true and correct copy of a resolution duly passed by the Board of Directors of **{{company_name}}** at a meeting held on **{{meeting_date}}**, and that such resolution has not been altered or revoked and remains in full force and effect.

SIGNED

____________________________________

**{{chairman_name}}**

Chairman of the Board

WITNESSES

____________________________________

Name: {{witness_1_name}}

Signature of Witness 1

____________________________________

Name: {{witness_2_name}}

Signature of Witness 2