Specimen Of Resolution for Corporate Internet Banking
(for Trust)
Certified true copy of the Resolution passed by the Board of trustees of……….…….
at their meeting held on
1. Resolved that the Trust do avail the ‘Corporate Internet Banking’ service of
Dhanlaxmi Bank Ltd for the accounts having CUSTID and/or
Account(s)…………………..opened with Dhanlaxmi Bank Ltd at………………………
branch and the Trust do accept such terms, regulations, conditions, stipulations
laid down by Dhanlaxmi Bank Ltd for the purpose.
2. Resolved that trustees Sri/Smt……………………………….., Sri/Smt………..…………
Sri/Smt……………………………. ………….and Sri/Smt…………………………….of the
Trust be and are hereby designated as “Authorised User/s” of Corporate internet
banking of Dhanlaxmi Bank Ltd and is authorized severally / jointly (strike off
which is not applicable) to avail the financial, monetary and any other products
and services offered by Dhanlaxmi Bank Ltd through its Website
www.dhanbank.com , Corporate Internet Banking on behalf of the Trust, and do all
such acts, deeds and things necessary, and to execute all such documents as are
necessary, in connection therewith, and to operate the said account in the name of
the Trust, using the aforesaid facilities, and to accept and adhere to all the terms
and conditions contained in the application form and on the Website and comply
with all other formalities as prescribed by Dhanlaxmi Bank Ltd in this regard and
agree to such changes and modifications in the said terms and conditions as may be
suggested by Dhanlaxmi Bank Ltd from time to time and to execute such deeds,
documents and other writings as may be necessary or required for this purpose.
3. Resolved that the terms and conditions of Corporate Internet banking of
Dhanlaxmi Bank Ltd be and are hereby approved and accepted and the authorized
user/s be and are hereby severally / jointly (strike off which is not applicable)
authorized to accept such modifications therein as may be suggested by Dhanlaxmi
Bank Ltd.
4. Resolved that the trustees Sri/Smt………………………….and
Sri/Smt…………………………of the Trust be and hereby authorized to initiate
electronic fund transfer (“Maker/Initiator/s”) on behalf of the Trust.
5. Resolved that the Trustees Sri/Smt……………………., Sri/Smt…………………………
and Sri/Smt………………………………..of the Trust is authorized to
approve/authorize the electronic fund transfer (“Approver/s”) on behalf of Trust
subject to the following limits.
Sl No Name of the Approver / Customer ID Limit
1
2
3 Jointly by Sri/Smt………………………and
Sri/Smt………………….…………………..
4 Jointly by Sri/Smt………………………..and
Sri/Smt………………………………………
6. Resolved further that the above Authorised User/s singly / jointly (strike off
which is not applicable) are also authorized to operate on behalf of the Trust
through ‘Corporate Internet Banking’ on the Trust accounts including by causing a
debit balance in Trust account(s) with Dhanlaxmi Bank Ltd and/or continually
operate the account(s) even when overdrawn, as per the access specifications
authorized in the “Corporate Internet Banking - Channel Registration Form.
7. Resolved further that the above mentioned Authorised User/s be and are hereby
authorized to receive the login id and passwords, as may be sent by Dhanlaxmi
Bank Ltd, for accessing information and/or entering into transactions on the
Corporate Internet Banking and are authorized to convey to Dhanlaxmi Bank Ltd
acceptance on behalf of the Trust of any transactions as well as to enter into
transactions on behalf of the Trust through Corporate Internet Banking.
8. Resolved further that the Trust shall indemnify and hold Dhanlaxmi Bank Ltd
against any losses or damaged that may arise to the bank by the reason of allowing
internet banking facility to the Trust.
9. Resolved further that this resolution be communicated to Dhanlaxmi Bank Ltd
and shall remain in full force until notice in writing of its withdrawal, or cancellation
is given to Dhanlaxmi Bank Limited by the Trust and accepted by Dhanlaxmi Bank
Limited.
10. Resolved further that Chairman of the Board/Managing Council/ Secretary of
the Trust be and is hereby authorized to furnish a copy of the resolution certified as
true to Dhanlaxmi Bank Ltd.
Certified that the above is a correct copy of the resolution passed on
_______________________ by the Board of Trustees of __________________________ and
that it has been entered in the usual course of business in the minutes book of the
Trust and signed therein by any of the Trustees and is in accordance with the Trust
Deed and Bye laws.
Note: The resolution should be certified to be true copy by the Chairman of the meeting.
