RESOLUTION FOR CHANGE IN BANK SIGNATORY

Resolution for change in Bank account signatory along with covering letter.

COVERING LETTER TO BANK FOR CHANGE IN SIGNATORY

To                                                                                                        January 21, 2007

The Manager

HSBC Bank Limited

Address

Sub: Change in Authorised Signatory

Dear Sir,

This has reference to the subject mentioned above Mr. Chintu was appointed as Authorised Signatory for operating the Current Bank Account bearing no. __________ with HSBC Bank Limited, Address.

Now we wish to inform you that Mr. Chintu ceased to operate as Authorised Signatory and in his place Mr. Sonu, Mr. Monu and Mr. Raju have been added in the list of Authorised Signatory vide Board Meeting Resolution dated ________ to operate the above mentioned Current Bank Account bearing no. ___________. A Certified True copy of the resolution is attached herewith for your reference along with Identification proof of new signatories.

This is for your information and record.

Thanking You,

Yours Sincerely

For ABC Limited

Director/Company Secretary

RESOLUTION FOR CHANGE IN SIGNATORY

“RESOLVED THAT in super session to all other resolution passed earlier by the Board of Director in its meeting in respect of the Current Bank Account bearing no. _____________ in the name of the Company existing with HSBC Bank Limited, Address, HSBC Bank be and is hereby authorized to honour all cheques signed:

a)      Solely by Mr. Jay, Managing Director/Director

or

b)      jointly by any two of the following:

a.      Mr. Sonu or

b.      Mr. Monu or

c.       Mr. Raju

RESOLVED FURTHER THAT the aforesaid bank be and is hereby instructed to honour all cheques, promissory notes and other order 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 money 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 order or receipts provided they are endorsed/ signed  as above on behalf of the company and such signature(s) shall be sufficient authority to bind the company in all transactions between the bank and the company including those specifically referred to herein.”