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Board Resolution New

The Board of Directors of the company held a meeting on September 24, 2025, to authorize the opening of a current account with ICICI Bank and to avail various banking facilities. The resolution includes the appointment of authorized signatories for account operations and the ability to utilize banking products such as overdrafts and loans. Additionally, the Managing Director and other executives are empowered to authorize further officials for account operations and to finalize necessary documentation with the bank.

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0% found this document useful (0 votes)
12 views3 pages

Board Resolution New

The Board of Directors of the company held a meeting on September 24, 2025, to authorize the opening of a current account with ICICI Bank and to avail various banking facilities. The resolution includes the appointment of authorized signatories for account operations and the ability to utilize banking products such as overdrafts and loans. Additionally, the Managing Director and other executives are empowered to authorize further officials for account operations and to finalize necessary documentation with the bank.

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rc89c9bxqv
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

CERTIFIED TRUE COPY OF THE EXTRACTS OF MEETING OF BOARD OF DIRECTORS OF

___________________________HELD ON 24TH SEPTEMBER, 2025 AT 11:00 A.M. AT THE REGISTERED


OFFICE OF THE COMPANY AT

Board Resolution for Opening Current Account & availing Banking Facilities:

“Resolved that

1. A Current account (“Account”) in the name of the Company be opened with ICICI Bank Limited (“ICICI
Bank”) at ____________________:

(I) The persons named in Table A are authorized to sign(Jointly/Severally) and deliver necessary
Application Forms and other documents thereof and do all acts and deeds as may be required by ICICI
Bank in connection with opening/ activating the Account as well as for operating the Account and that
the Company accepts the terms and conditions applicable for the Account or in connection with any
product or service offered in respect of such Account contained in the Application Forms and displayed
on the website [Link] ("Website");

Authorized Signatory for Designation Specimen Signature


opening of Account

(ii) ICICI Bank be instructed to accept and credit to the Account all moneys deposited with (or)
owing by ICICI Bank on 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, promissory
notes, orders or receipt, provided they are endorsed/signed/issued jointly/severally (strike off which is
not applicable) on behalf of the Company by the Authorised Signatories mentioned in Table A2 below:

Authorized Signatory Designation Specimen Signature Limits


for opening of Account

(iii) The persons named in Table B shall be authorized (Jointly/Severally) to operate the Account through
the mode of Phone Banking, Internet Banking, E-mail, Debit Card, ATM Card offered by ICICI Bank for
operation of the Account from time to time. However, the Authorised Signatory for operations of the
Account (change if any other signatory) are severally authorised to collect the applications and other
documents from the Authorised Signatories mentioned in Table B and submit the same to ICICI Bank and
collect the Login ID and Password(s)/ Debit Cards/ ATM Cards, as the case may be, from ICICI Bank and
deliver the same to the respective Authorised Signatory.
(a) Corporate Banking:

Name of the Official Limit (Rs) To be approved by


(user) From To

(b) Phone Banking, Email

Sr Name of the Official (user)


No

(c ) ATM Card/ Debit Card

Sr Name of the Official (user)


No

2. The Managing Director / Executive Director / Finance Director of the Company are severally
authorised to additionally authorize such other official(s) to operate the Account in any of the modes
indicated above and decide on adopting any other mode of operation of the Account that ICICI Bank
may offer from time to time and details of every such additional authorization / adoption of mode of
operation shall be placed before the next meeting of the Board of Directors for information.

3. The Company does avail and the Managing Director/ Executive Director/ Finance Director are
severally authorised to avail from ICICI Bank facilities in the normal course of business in the form of
Overdraft, Cash credit, Demand Loan, Bill purchase/ Discount, Letters of Credit, Letter of Undertaking
(Buyers Credit), Bank Guarantee and such other Fund based / Non-Fund based Facility(ies) as may be
offered by ICICI Bank from time to time upto the Limit of Rs. <Amount> in aggregate / individually
(delete inapplicable), secured/ backed by 100% Fixed Deposit with ICICI Bank generated from the
amount standing in the Account, on such terms and conditions as may be stipulated by ICICI Bank and
the Authorised Signatory mentioned in Table C6 are severally authorised to negotiate, finalise, settle,
execute and deliver with/ to ICICI Bank such documents as may be required by ICICI Bank and complete
all formalities for creating Fixed Deposit out of the Account and creating security thereon in favour of
ICICI Bank in the manner required by them for availing the Facility(ies).

Sr Name of the Official (user)


No

4. Copies of the foregoing Resolutions certified to be true copies by the Chairman/ Managing Director/
Secretary of the Company be furnished to ICICI Bank and it be requested to act thereon.”
CERTIFIED TRUE COPY

For,

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