Fillable Printable Board Resolution Template

Board Resolution Template

Template: Board Resolution

1. To open current account in any number of currencies, at once or subsequently

2. To sign acts, deed and documents on behalf of the GBL co.

3. To authorise Fax instruction

4. To request Internet Banking facility

Please amend/modify as necessary.

FOR GBL COMPANIES

EXTRACT OF MINUTES OF PROCEEDINGS OF A BOARD MEETING OF

<<<Name of GBL Company>>>

(hereinafter referred to as “The Company”)

held on <<<Date>>> at its registered office, <<<Registered Address>>>

It was unanimously resolved that:

A. A Bank account be opened with The Mauritius Commercial Bank Ltd (“The Bank”), and

accounts of any type and currency as may be subsequently required, be opened with the

Bank.

B. Any account opening documentation as required from time to time be executed, binding

The Company to the Terms and Conditions governing the aforementioned bank accounts

as amended from time to time, by the Bank in its sole and absolute discretion.

C. Instructions relating to banking transactions may be given by fax to the Bank for

execution and to this end the fax indemnity letter authorising the Bank to act upon such

instructions will be signed by the signatories designated hereunder:

It was also unanimously resolved to authorise <<<Name of signatories>>> of <<XYZ>>> as

Management Company and Secretary to enter into, make, sign, execute, perform and do all such

acts, deeds and agreements necessary in connection with the above mentioned resolutions and to:

D. Withdraw and deal with any of the Company’s documents, securities or property or

documents of title which may be deposited with the Bank, whether by way of security or

otherwise.

E. Arrange with the Bank for advances to The Company by way of discount, loan, overdraft

or otherwise, and for granting of foreign exchange facilities, credits and issue of

guarantees (including credit cards) by the Bank from time to time as required, and to sign

any form of deposit, pledge, fixed or floating charge, mortgages relating to any securities

or property or documents of title.

Application for Internet Banking Services

It was further resolved that The Company, within its legitimate capacity, subscribes to the Internet

Banking Service offered by The Mauritius Commercial Bank Ltd(“The Bank”), under such terms

and conditions as provided for in The Bank’s Internet Banking Service Agreement and other

related agreements including the Bulk Payment Agreement (“The Agreements”), as may be

amended from time to time by The Bank.

It was also unanimously resolved that Mr <<……>> of <<XYZ>> as Management Company, be

appointed and authorized to :

i) enter into, make, sign, execute the Agreements and generally perform and do all acts,

deeds and agreements necessary in connection with the Agreements and;

ii) perform the functions of “Administrator” and to that purpose appoint and revoke any

such person/s as he deems fit, as “Authorised User”, according to the terms and

conditions of The Agreements.

Appointment of Signatories

After due consideration, it was resolved:

1. That the authorized signatories on the bank account shall be:

<< X >>

<< Y >>

<< Z >>

2. That the bank account be operated via MCB IB SERVICES and that on-line payments be

made by <<Name of Signatories>> provided that such payments to be supported by

transaction documents for the records of the Company.

The foregoing shall remain in force until receipt by the Bank of a duly certified copy of a

resolution rescinding or amending same.

The present minutes were drawn, read and approved forthwith by the appropriate quorum duly

constituted to that effect.

CERTIFIED TRUE COPY

<<<XYZ>>>

Secretary

Date: _______________

Account Opening

Account Operation

Fax Instructions

Internet Banking

Acts, deeds

and documents

1 Name

Address

Signature

2 Name

Address

Signature

3 Name

Address

Signature

4 Name

Address

Signature

5 Name

Address

Signature

6 Name

Address

Signature

7 Name

Address

Signature

No. of signatory(ies) required ---->

1. Please specify in the box directly below each of the transactions, the number of signatories

required for that transaction.

2. Please indicate by a X the authorised signatory for the various transactions in the boxes

next to his/her respective signature.

Transactions

Authorised Signatory Details