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    Annexure B Common BR - CA CINB Etrade Eforex BDC

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    paulhrishikesh

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Annexure B Common BR - CA CINB Etrade Eforex BDC

    Uploaded by

    paulhrishikesh
    43 views4 pages

    Original Title

    Annexure B Common BR_CA CINB eTrade eForex BDC

    Copyright

    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
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    43 views4 pages

    Annexure B Common BR - CA CINB Etrade Eforex BDC

    Uploaded by

    paulhrishikesh

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    ON LETTERHEAD

    FORMAT OF BOARD RESOLUTION FOR AVAILING ALL PRODUCTS AND


    SERVICES OF THE BANK THROUGH VARIOUS CHANNELS

    Extract of the minutes of the meeting of the Board of Directors / Partners / Board of
    Trustees / Members of the Managing Council of …………………….… held on ………
    at registered office of the Company/ LLP/ Trust/ Society situated at ………………..

    Current Account

    RESOLVED THAT a Current account be opened with State Bank of India (‘SBI’/‘
    Bank’), in the name of the Company/ LLP/ Trust/ Society namely
    ______________________.

    RESOLVED FURTHER THAT the Chairman / Managing Director / Directors/


    designated partner(s)/ members/officials etc. of the Company/ LLP/ Trust/ Society (as
    the case may be) be and is hereby authorized to sign and submit account opening on
    behalf of the Company/ LLP/ Trust/ Society along with other documentations and
    proofs and to do all such acts and deeds as may be necessary for this purpose.

    RESOLVED FURTHER THAT, SBI be and is hereby informed and authorized to honor
    all cheques, bill of exchange, promissory notes, hundis, and any other instruments
    drawn, accepted, made and signed on behalf of the Company/ LLP / Trust / Society,
    by the following authorized signatories, up to the limits prescribed below:

    Name Designation Operating Instruction Limits (Rs.), If any


    E-Banking Services

    1. RESOLVED THAT to bring efficiency in the operations of the bank account


    (the “Bank Account”) of the Company/ LLP/ Trust/ Society opened/to be
    opened with the branches of the Bank, it is proposed that the
    Company/LLP/Trust/Society may avail various services being made available
    or to be made available to the customers of SBI rendered through multiple
    online applications of the Bank for the said purpose, the Company/ LLP/ Trust/
    Society may apply to the Bank for issue of User ID and Password.

    2. IT IS HEREBY RESOLVED THAT approval be and is hereby given to the


    Company/LLP/Trust/Society for availing the banking services, products and
    delivery channels such as internet banking, mobile banking, cash
    management, e-payment, eTrade SBI, eForex, OnlineSBI etc., and such other
    facilities as may be made available by the Bank (hereinafter collectively
    referred to as the e-Banking Services) through any of the Bank’s online
    portal/ application to operate the accounts opened/to be opened with State
    Bank of India at its various Branches subject to all the generic and specific
    terms, regulations, stipulations and conditions laid down by State Bank of India
    for the said purpose and such amendments thereto as the Bank may make
    from time to time.

    3. IT IS FURTHER RESOLVED THAT following authorized officials namely:

    a) Shri. / Smt. _____________________


    b) Shri. / Smt. _____________________
    c) Shri. / Smt. _____________________

    be and are hereby jointly and severally authorized (herein after called Authorized
    Signatory/ies) to apply for and convey to the Bank acceptance on behalf of the
    Company / LLP / Trust or Society, the terms and conditions contained in the
    application form or any other form/document prescribed/provided by the Bank or on
    the Bank’s online portal/ application and agree to such changes and modifications
    in the said terms and conditions as may be suggested by the Bank, and to transact,
    and or avail various types of e-Banking Services and products and to give any
    mandate or substitute, revoke and/or modify suchmandate from time to time and to
    execute such deeds, documents, applications, agreements, indemnities, power of
    attorneys and other writings as may be necessary for and/or incidentally required for
    the said purpose.

    4. It is further resolved that the Authorized Signatory/ies be given the authority jointly to
    delegate the power to sign the application form(s) and all other relevant agreements,
    indemnities, documents, forms, notices and authorisations in relation to the e-
    Banking Services and delivery channels for and on behalf of the Company/ LLP /
    Trust / Society to any other officer/employee of the Company/ LLP / Trust / Society
    as the Authorized Signatory/ies may deem fit and proper; and to nominate, substitute
    or remove the Authorized Signatory/ies to be appointed from the Company/ LLP /
    Trust / Society side for monitoring and administrating the e-Banking Services.
    5. It is further resolved that State Bank of India be and are hereby authorised to accept
    all instructions through all online banking platform/ portal/ application jointly and
    severally from any one of the above Authorized Signatory/ies in respect of Company/
    LLP / Trust / Society account/s with or without digital signature of the Authorized
    Signatory/ies. The Company/ LLP / Trust / Society does agree to Indemnify and
    hold State Bank of India harmless and their interest protected on account of it
    executing or acting upon such instructions from the Authorized Signatory/ies in the
    manner provided herein.

    6. It is further resolved that the Authorized Signatory/ies be advised that the onus of
    keeping confidential, the User ID and Password for e-Banking Services is entirely
    their responsibility and access to information related to the Bank Accounts, shall be
    at the sole and absolute risk, responsibility and liability of the Company/ LLP / Trust
    / Society and that, the Company/ LLP / Trust / Society hereby confirms its
    understanding that the Bank shall not be able to monitor or record whether any
    instruction with respect to e-Banking Services is given by the Authorised
    Signatory/ies or not and that the Company/ LLP / Trust / Society shall not hold the
    Bank liable or responsible for any e-Banking Services to be availed by it including but
    not limited to access to the information relating to the Bank Account and transfers
    and/or withdrawals (including cash withdrawals) from the accounts through e-Banking
    Services.

    7. AND it is hereby further resolved that a copy of these resolutions certified as true
    copy by a director/the secretary of the Company/ LLP / Trust / Society be delivered
    to the Bank and shall remain in force --------------------- until an amending
    resolution shall have been passed and a copy of such amending resolution certified
    as true by a director/the secretary of the Company/ LLP / Trust / Society shall have
    been received by the Bank. Until receipt of the same, the Bank shall be entitled to
    rely and act upon this resolution.
    Business Debit Cards

    IT IS FURTHER RESOLVED THAT following authorized officials namely:

    a) Shri. / Smt. ( PAN# )


    b) Shri. / Smt. ( PAN# )
    c) Shri. / Smt. ( PAN# )

    be and are hereby jointly and severally authorized (herein after called Authorized
    Signatory/ies) to apply for and convey to the Bank acceptance on behalf of the
    Company / LLP / Trust or Society, the terms and conditions contained in the
    application form or any other form/document prescribed/provided by the Bank for Business
    Debit Card and agree to such changes and modifications in the said terms and
    conditions as may be suggested by the Bank and to execute any documentation
    required for issuing of Business Debit Cards.

    The persons named in Table below shall be authorized to operate the Current account
    through the mode of Business Debit Card offered by SBI for operation of the Account:

    Sr. no. Name of Official Users


    1
    2
    3
    4
    5
    …

    CERTIFIED TRUE COPY

    FOR ………………………..

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