APPENDIX A
BOARD OF RESOLUTION TEMPLATE
CERTIFIED EXTRACT OF DIRECTORS RESOLUTION
[FOR OPENING ACCOUNT(S) AND/OR SUBSCRIPTION OF SERVICE(S)]
(*Applicable for Sdn Bhd, Bhd and Labuan Companies only)
Company Name (“the Company”) Certified True Copy
by Company Secretary
Business Registration No.
Please tick ( ) where applicable:
Extract of Minutes of Board Meeting held on …………………………..
Directors’ Circular Resolution dated……………………………passed
pursuant to Article …………………….. of the Company’s Articles of
Association
It is hereby resolved that:
1. Opening Account
a. Approval and authority be and is hereby given for the Company to open any number
of Current or Saving Account(s) of any type and in any currency (the “Account(s)”)
with MBSB Bank Berhad (“the Bank”).
b. Authority be and is hereby given for the use of the Common Seal of the Company
to be affixed to all relevant documents drawn or to be drawn up in connection
therewith in accordance with the Company's Articles of Association or constitution
(if any) for and on behalf of the Company.
2. Authorised Signatories for the Operation of the Accounts
a. Authority be and is hereby given to the Authorised Person(s) as set out in Schedule
A of this Resolution (”Authorised Signatories”) to do the following:-
i. Apply for, accept and sign, all relevant documents drawn or to be drawn
up in connection with the Account(s) and to act on any instructions and
accept any receipts or other documents relating to the Account(s),
transactions or affairs of the Company, if so signed on behalf of the
Company;
ii. Pay and honour all cheques, bills of exchange, deposits, receipts,
requests involving payment or transfer of funds and promissory notes.
3. Authorised Persons to Sign Documents for Other Banking Services & Delivery
Channels
a. Authority be and is hereby given to the Authorised Person(s) as set out in Schedule
A of this Resolution (” Authorised Persons”) to do the following:-
i. Perform term deposit placements and/or withdrawals under the
Account(s); Items iv and v shall apply in respect of Business
Online/Electronic Banking (whether current or future applications
therefore).
ii. To agree to such terms and conditions as may be required, apply for, enter
into, accept, sign and execute any relevant agreements, forms or
documents on behalf of the Company including any negotiations,
amendments, variations, modifications or supplements thereof in respect
of the Business Online/Electronic Banking Service.
iii. To issue all notices and instructions to the Bank in connection with the
respective M Journey Corporate Service
iv. To appoint/terminate “AUTHORISED CORPORATE USER(s)” such as
Corporate Administrator(s)/Maker(s)/Checker(s)/Authoriser(s) to access,
transfer funds and conduct other banking transactions from designated
account(s)
v. To select, submit application, to add, modify and delete Company’s
account(s) and any additional modules and services made available under
the Business Online/Electronic Banking Service from time to time.
4. Non-Monetary Transactions
a. For confirmation via telephone or any other suitable channels to perform non-
monetary transactions and to receive/disclose company’s information on behalf of
the Company. The contact details are as follows; -
Authorised Person 1
Name : _____________________________________________________________
Office Number : _____________________________________________________________
Mobile Number : _____________________________________________________________
Authorised Person 2
Name : _____________________________________________________________
Office Number : _____________________________________________________________
Mobile Number : _____________________________________________________________
5. Subscription of Business Online/Electronic Banking & Services (refer Schedule B)
a. Authority be and is hereby given for the Company to apply for and accept any one
or more business online/ electronic banking facilities and/or services including but
not limited to business internet banking, phone banking, payment cards, self-
service machines, cash management, trade services or such other types of services
as may be made available by the Bank from time to time for business banking
customers which may be offered by MBSB Bank or its successors in title or assigns
(“the Online Services”) upon such terms and conditions which are made available
via MBSB Bank website at [Link] and such other additional,
varied or substituted terms and conditions as MBSB Bank may stipulate from time
to time.
b. The Company hereby authorises the Bank to debit the Subscription Account
(designated Current Account maintained at the Bank) with all subscription fees,
administration, and service charges (cost of security token(s)), taxes or levies
relating to the use of the Bank’s Business Online/Electronic Banking Service.
6. General
a. The Company and its Directors are aware of and hereby agree to abide by the
Specific Terms & Conditions for the respective Accounts, M JOURNEY Corporate
Services’ Terms & Conditions, the Bank’s General Terms & Conditions of Accounts
and such other terms and conditions as the Bank may stipulate from time to time.
b. The Company and its Directors undertake to notify the Bank in writing in the event
of any changes to the Authorised Person(s)/User(s) as long as the Company
maintains an account with the Bank, and until the receipt of such notification, the
Bank is entitled to rely solely on the existing information provided.
c. The Company hereby agrees to indemnify and keep the Bank fully indemnified
against all liabilities, damages, losses, expenses and costs (including but not limited
to any legal costs) whether directly or indirectly, in connection with or as a result of
the Company’s breach of any of the provisions under the Bank’s Specific Terms &
Conditions for the respective Accounts, M Journey Corporate Service’s Terms &
Conditions, the Bank’s General Terms & Conditions of Accounts and such other
terms and conditions as the Bank may stipulate from time to time or any third party
right or use.
d. AND THAT a copy of these resolutions certified as true copy by the Company
Secretary be delivered to the Bank and remain in force until an amending resolution
shall have been passed and a copy of such amending resolution certified as true
by the Company Secretary shall have been received by the Bank, and until receipt
of the same, the Bank shall be entitled to rely and act upon these resolutions.
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Schedule A. List of Authorised Signatories
*The list of Authorised Signatories below will be in charge of Current Account-related matters as mentioned in item 1,
2 and 3.
Signing Group (if
applicable, e;g; Group A Specimen
No Name & Designation MyKad / Passport No & B) Signature
1.
2.
3.
4.
5.
Signing Conditions & Signing Limits* (if applicable).
*Set out signing conditions and signing limits clearly.
*Please provide a copy of valid ID document for each Authorised Signatory. Any changes to Authorised
Signatory must be accompanied with a copy of ID document for verification purposes and the relevant Board
Resolution.
Schedule B. List of Online/Electronic Banking Authorised Person(s)
*The list of Authorised Persons below will be in charge of Online/Electronic Banking-related matters as mentioned in
item 5.
No Full Name & Designation MyKad / Passport No Email Address Signature
1.
2.
3.
4.
5.
Signing Conditions & Signing Limits* (if applicable).
*Set out signing conditions and signing limits clearly.
Approval by Board of Directors
Signed by: Signed by:
…………………………………………… ……………………………………………
Name: Name:
MyKad/ Passport No.: MyKad/ Passport No.:
Signed by: Signed by:
…………………………………………… ……………………………………………
Name: Name:
MyKad/ Passport No.: MyKad/ Passport No.:
Signed by: Signed by:
…………………………………………… ……………………………………………
Name: Name:
MyKad/ Passport No.: MyKad/ Passport No.: