Operation of Bank Account-Change therein-supersession of all resolution-Board Resolution
"RESOLVED that in supersession of all resolutions passed in this behalf, the following Officers of the Company be and are hereby authorised to operate singly the Company's Current Accounts with Bank of Baroda, Parliament Street, New Delhi and the Oriental Bank of Commerce Ltd., Connaught Circus, New Delhi-
1. Shri SPM, Director
2. Shri SKM, Chief Executive
3. Shri RSR, Manager Works
RESOLVED FURTHER that the said Shri RSR is authorised to operate the aforesaid accounts to the extent of Rs. 50,000/- (Rupees fifty thousand only) at a time.
RESOLVED FURTHER that the aforesaid Banks be and are hereby authorised to honour all cheques, drafts, bills of exchange, promissory notes and other negotiable instruments signe, drawn, accepted or made on behalf of the Company by the aforesaid officers and to act on any instructions so given relating to the said Banking Accounts of the Company whether the same be overdrawn or not or relating to any transactions of the Company."