The Board Resolution to Change Bank Signatory is a formal document adopted by a company's board of directors to authoritatively amend the list of individuals authorized to operate the company's bank accounts.
I/We, ​(Name)​being​(Partners/Karta/Managing Directors and whole time Director/Members of Managing Committee of Associations/Board of Trustees etc.) ​of ​(Name of GST Applicant)​, hereby solemnly affirm and declare that ​(Authorised Signatory)​is hereby authorized, vide resolution No.
The corporate resolution for signing authority is a specific corporate resolution that authorizes specific corporate officers with the legal standing to sign contracts on behalf of the corporation.
“RESOLVED THAT in supersession with all the previous resolutions in respect of operating a bank account having Bank Account No. ______ with _______ Bank at its __________branch, the Current mode of operation for above mentioned account be & is hereby changed & replaced by following authorized signatories.
Board Resolution Granting Signing Authority BE IT RESOLVED, that the board of directors hereunder authorizes Authorized Individual's Name, Position, to sign, execute, and endorse on behalf of Company Name for all financial transactions, legal documents, and other official agreements.
“RESOLVED THAT in supersession with all the previous resolutions in respect of operating a bank account having Bank Account No. ______ with _______ Bank at its __________branch, the Current mode of operation for above mentioned account be & is hereby changed & replaced by following authorized signatories.
Simply get in touch with relationship manager designated by the banker for your company. This relationship manager will guide you regarding the process for change in bank account signatory.
The corporate resolution for signing authority is a specific corporate resolution that authorizes specific corporate officers with the legal standing to sign contracts on behalf of the corporation.
The purpose of an Authorization Letter is to: (a) demonstrate that the individual(s) signing contracts and reviewing and submitting invoices have been authorized to do so by the organization's Board of Directors; and (b) provide a sample of the signatures of the organization's authorized signatories.