Removal of ex directors from bank


Syed Ahmer Kazmi (Private Practise)     07 May 2019

Syed Ahmer Kazmi
Private Practise 
 89 likes  792 points

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HI

In a company there were 3 directors. Last year 2 directors resigned and one new director was inducted.

In their Bank all 3 old directors were named. Now the original director wishes to remain sole signatory for banking purposes and he wishes to inform bank regarding the same.

The bank is asking for a Board Resolution and a cover letter. As per bank the Resolution must be signed by all 3 old directors.

1. Considering that two old directors resigned last year, how can they sign a new board resolution.

2. What is the resolution required.

Requesting follow professional colleagues to help.

 

 




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