03 June 2013
BOARD RESOLUTION FOR ENHANCEMENT OF BANK LIMIT ON COMPANY LETTER HEAD
“Extracts of the minutes of the meeting of the Board of Directors of ____________________________________________________________________________ held at ________________________________ Dated ______________________.
1.Resolved that the company do avail the Banking’ services & ‘Corporate Care Services’, (choose whichever is applicable) for the accounts having CUSTID _____________ and/or Account Number_____________ opened with ICICI Bank ________________ Branch and the company do accept such terms, regulations, conditions, stipulations laid down by ICICI Bank for the purpose.
2.Resolved that the said Mr. ____________________ and Mr. ___________________ be and are hereby authorized severally / jointly may avail the financial, monetary and any other products and services offered by ICICI Bank through its Website, Corporate Internet Banking and/or the Corporate Care Services also Enhancement The Bank Limit) (choose whichever is applicable) on behalf of the Company, and do all such acts, deeds and things necessary, and to execute all such documents as are necessary, in connection therewith, and to operate the said account in the name of the Company, using the aforesaid facilities, and to accept and adhere to all the terms and conditions contained in the application form and on the Website www.icicibank.com and comply with all other formalities as prescribed by ICICI Bank in this regard and agree to such changes and modifications in the said terms and conditions as may be suggested by ICICI Bank from time to time and to execute such deeds, documents and other writings as may be necessary or required for this purpose.
3.Resolved that the aforesaid terms and conditions be and are hereby approved and accepted and the authorized officials be and are hereby severally / jointly authorized to accept such modifications therein as may be suggested by ICICI Bank Group.
4.Resolved further that the above authorized officials namely, Shri _________________, Shri __________________and Shri ________________ and/or any of the officials nominated singly / jointly by the aforesaid authorized officials are also authorized to operate on behalf of the company through ‘apply for bank limit enhancement “ on the company’s accounts including by causing a debit balance in company’s account(s) with ICICI Bank and/or continually operate the account(s) even when overdrawn, as per the access specifications authorized in the Channel Registration Form.
21.Certified that the above is a correct copy of the resolution passed on ________________by the Board of Directors of and that it has been entered in the usual course of business in the minutes book of the company and signed therein by the Chairman of the meeting/company and is in accordance with the Memorandum and Articles of Association of the Company.
Note: The Board resolution has to be certified either by the Company Secretary or the Chairman of the meeting or two directors present in the meeting.
CAclubindia
