Specimen of a Board Resolution (For Companies)

Company Name(s): 

Specimen of Board Resolution (For companies)
[To be executed on a Company’s letterhead]

Certified copy of the resolution passed at the meeting of the Board of Directors of ___________________ ( company name )________________________ held on _( Date )_______ at its registered office (____________address )

RESOLVED THAT the company do avail the Union e-banking Corporate Service for the accounts opened / to be opened with Union Bank of India at their various Branch (es) and the company accepted all terms and conditions of Union Bank and further/do accept such terms, regulations, conditions, stipulations laid down by Union Bank of India from time to time for the purpose. Copy of the existing Terms and Conditions is received by the company which is enclosed to this resolution as token of company’s agreement. Modification of such Rules placed by Bank on its website is sufficient and valid notice to the company.

RESOLVED FURTHER THAT the company do execute necessary documents, agreement form(s), authority letter(s) and / or any other related documents from time to time for this purpose.

RESOLVED FURTHER THAT the following officials be hereby singly / jointly authorized to accept sign, execute, deliver and complete all documentation, agreements, accounts opening forms and accept and abide by the modifications and / or variations in any or all the terms and conditions from time to time and, in order to apply for and avail and operate the “Union e-banking Corporate” facility provided by the Union Bank of India.
Shri ( Initiator /Approver /Director / Senior executive ) Limit in Rs.

Shri ( Initiator /Approver /Director / Senior executive ) Limit in Rs.

Shri ( Initiator /Approver /Director / Senior executive ) Limit in Rs.

Shri ( Initiator /Approver /Director / Senior executive ) Limit in Rs.

Any change in the above mandate shall be by a fresh resolution passed by company’s Board and by intimating the same to Bank.

RESOLVED FURTHER THAT the above authorized officials are also authorized to operate on behalf of the company through ‘Union e-banking Corporate’ service on the company’s accounts including by causing a debit balance in company’s account(s) with Union Bank of India and / or continually operate the account(s) even when overdrawn, as per the access specifications authorized herein above.

RESOLVED FURTHER THAT Union bank of India be and hereby authorized to accept all instructions given or initiated through the ‘Union e-banking’ service Corporate either singly or jointly from all or any of the above instructions by the above signatories in the manner provided here in above.

FURTHER RESOLVED THAT a copy of this resolution be and hereby be submitted to Union Bank of India duly certified by company secretary of the company.