Resolution

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 March 2013 can any one pls provide me the for opening share application account to keep the share application money received..

Ajay Mishra

Ajay Mishra (Expert)
Follow

03 March 2013 Hi

I will suggest you to open a bank account in the name of company and keep such share application money in that account.

Message likes : 1 times

Ajay Mishra

Ajay Mishra (Expert)
Follow

03 March 2013 CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF (NAME OF THE COMPANY) HELD AT THE REGISTERED OFFICE OF THE COMPANY AT (ADDRESS) ON (DATE) AT (TIME)

A proposal to open a Current Account for holding and maintaining share application money with the (Name of the Bank with address) was placed before the Board. After discussions, the Board unanimously:

“RESOLVED THAT Current Account in the name & style of ‘(Name of the Company)’ be opened with the (Name of the Bank with address), for holding share application money of the Company and that the following Authorized Signatory (ies) of the Company be and are hereby authorized to open and operate the said account:

INDIVIDUALLY

Name of the person(s) authorized with designation

JOINTLY

Name of the person(s) authorized with designation

And

1. THAT the said Bank be instructed to accept and act upon any instructions relating to the account kept in the name of the Company or relating to any transactions of the Company with the Bank, provided the instructions are signed by the authorized signatory(ies) of the Company in the manner mentioned as above.

2. THAT the said Bank be instructed to accept receipts for money, deeds, securities or other documents or papers or property or any indemnities given on behalf of the Company provided they are signed by the authorized signatory(ies) of the Company in the manner as mentioned above.

3. THAT the bank be furnished with a list of the names of Directors of the Company and a copy of the Memorandum & Articles of Association and be from time to time informed by notice in writing under the hand of the Directors/Authorized Signatory of the Company of any changes which may take place therein and be entitled to act upon any such notice until the receipt of further notice under the hand of any Directors / Authorized Signatory.

4. THAT the resolution be communicated to the Bank and remain in force until duly rescinded and notice thereof in writing be given to the Bank by any of the Directors of the Company.”

“RESOLVED FURTHER THAT the aforesaid power entrusted to the said official shall be valid and effective unless revoked earlier by the Board or shall be exercisable by him so long as he is in the concerned to the Company.”

“RESOLVED FURTHER THAT all acts, deeds, things, matters, etc. as aforestated shall be deemed to be valid and enforceable only if they are consistent with the instant resolution as may be relevant in this case and that the Board shall not be responsible for any acts beyond the scope of the aforestated powers done by (Name of the authorized person(s) and such invalid, illegal acts, and acts done beyond the scope of powers granted in this Resolution shall not bind the Company against any third parties or before any authorities in any manner and that the Board shall not be answerable in that behalf.”

“RESOLVED FURTHER THAT a certified copy of the resolution be given to any one concerned or interested in the matter.”

Message likes : 3 times

Querist : Anonymous

Querist : Anonymous (Querist)

03 March 2013 sir do we need to give any other specification in this kind of resolution ??

Ajay Mishra

Ajay Mishra (Expert)
Follow

03 March 2013 yes, you can give but subject to the approval of bank.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now