LETTER FORMAT

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This query is : Resolved

Rajesh Goyal (Querist)

24 February 2010 DEAR SIR,

CAN ANYONE PLEASE PROVIDE ME WITH THE FORMAT OF A LETTER REQUIRED TO BE SUBMITTED WITH THE BANK BY A TRUST FOR OPENING A BANK ACCOUNT IN ITS NAME.

REGARDS,

Ankur Garg

Ankur Garg (Expert)

02 March 2010 Find below the resolution and modify it accordingly:

OPENING OF BANKING ACCOUNT AND PROCEDURE FOR ITS OPERATION

It was suggested that a current banking account be opened in the name of _______________________ Private Limited with HDFC Bank, ________ and Mr. Rajesh Kumar, Director of the company be authorized to operate the same. In this connection the following resolution was passed:

RESOLVED that a current bank account in the name of the company be opened with HDFC Bank Limited, ________ and Mr. Rajesh Kumar, Director of the company be and is hereby authorized to sign or accept all cheques, bill of exchanges, promissory notes and other orders.

RESOLVED FURTHER that the aforesaid bank be and is hereby instructed to honour all cheques, promissory notes and other orders drawn by and all bills accepted on behalf of the company whether such account be in credit or overdrawn and to accept and credit to the account of the company all moneys deposited with or owing by the bank or any account or accounts at any time or times kept or to be kept in the name of the company and the amount of all cheques, notes, bills, other negotiable instruments, orders or receipt provided they are endorsed/ signed by the said person on behalf of the company and such signature shall be sufficient authority to bind the company in all transactions between the bank and the company including those specifically referred to herein.

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