Form with which a corporation may resolve to authorize an officer or representative to file necessary official documents for a given purpose.
Form with which a corporation may resolve to authorize an officer or representative to file necessary official documents for a given purpose.
A banking resolution is a formal declaration that states who's allowed to do what when it comes to a company's banking activities. From withdrawing funds to taking loans, this document sets the ground rules, helping ensure no gray areas.
Banks often require a Directors' Resolution for Bank Account Opening as proof that the company's board of directors has approved the opening of the bank account. A Directors' Resolution for Bank Account Opening is a resolution required to be passed by the directors of a company to open a company bank account.
An LLC resolution to open a business bank account is a document that clearly shows the bank who has the authority to start an account on behalf of a limited liability company.
“RESOLVED THAT a Current Account in the name of the Company be opened with ____________ Bank, _____________ , for the operations of the activities of the Company and the said Bank be and is hereby authorized to honour all cheques, drafts, bills of exchange, promissory notes and other negotiable instrument, signed drawn ...