Draft Board Resolution For Appointment of Bankers to the Issue

Board-Resolution-Appointment-Bankers-to-the-Issue

Draft Board Resolution For Appointment of Bankers to the Issue


RESOLVED THAT the following Banks be and are hereby appointed as Bankers to the proposed issue of the company and that separate accounts under the name and style of ________ Limited -Equity Issue Account be opened with each of the following Banks at the Controlling Branches indicated below:
     1.      __________
     2.      __________
     3.      __________

RESOLVED FURTHER THAT the above said Banks be and are hereby severally authorized to receive through their various Branches the Share Applications along with the remittances for Equity Shares as per the instructions given by the Company from time to time and to honour cheques/Refund Pay orders drawn on behalf of the company severally by Shri __________ and Shri ________ and to act on any instruction so given by them in their absolute discretion.”
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