Operation of Bank Account

RESOLVED THAT in supersession to all other resolutions passed earlier by the Board of Director in respect of the operation of its Current Bank Account bearing no. 0000000000000000 in the name of the Company being maintained with XYZ Bank, Gurgaon, Mr. ABC, Director be added as one of the signatories to the Company’s Bank account and XYZ Bank be and is hereby authorized to honour all cheques signed in the following manner:

  1. Solely by PQR, Director

OR Jointly by:

  1. Mr. JPQ, Director; and
  2. Mr. EFG, Director

RESOLVED FURTHER that the aforesaid Bank be and is hereby authorized to honour all cheques, drafts, bills of exchange, promissory notes and other negotiable instruments signed, drawn, accepted or made on behalf of the Company by the aforesaid Director(s) and to act on any instructions so given relating to the said Banking Accounts of the Company whether the same be overdrawn or not or relating to any transactions of the Company”.