Resolution for closing a Bank Account

This query is : Resolved 

Guest (Querist) 26 September 2008

Plz provide a format of resolution for closing a bank account of hte comp.

Guest (Querist) 26 September 2008

Plz provide a format of reso for closing a bank account of the comp.

S.Srinivasaraghavan (Expert)
26 September 2008

Mr. F, Finance manager and secretary placed before the Board the proposal to close the bank account B as no operations are being carried out in that account. The balance lying there is a minimum balance of Rs 1000.

Resolved to close the current account with B with immediate effect with a request to them to issue a pay order for the balance of Rs 1000.

Further Resolved to authorise Mr.F, to take such action as is necessary including providing of a certified copy of the resolution to B to act upon this.

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