Attention to: The Hong Kong and Shanghai Banking.
Draft Board Resolution for Closing Bank Account of a Company In case a company is maintaining a current account with any bank and it becomes non-operational or for any other reasons - the management deems it fit to close the account, then a resolution has to be passed in the meeting of the board of directors of the company for approval on the closure of the bank account.
RESOLVED, that the Corporation execute and deliver to said bank a duly signed original of the completed banking resolution as is annexed thereto, and that the authority to transact business, including but not limited to the maintenance of savings, checking and other accounts as well as borrowing by the Corporation, shall be as contained in said resolution with the named officers therein.
Copy of the Board resolution appointing the directors and their powers; Board resolution authorising the opening of an account with Banco Santander Puerto Rico; Copy of the Commercial Registration or equivalent; Copy of Company Tax Registration (tax identification number) Copies of the licences required to operate the business in the home country; Audited annual accounts of the last 2 (two.
This Minutes of Board Meetings subfolder contains standard form board meeting minutes which can be customised to suit the agenda of your meeting as well as board meeting minutes related to specific corporate tasks. The specific minutes can also be found in the relevant sections of our Corporate folder to which they relate and reference should be made to that specific section for more detailed.
Opening a bank account for a committee can be easy, if you do a little homework in advance. You will need to prove to the bank that your organization and your committee are legitimate, and that the names on the account were authorized by the organization. The key to avoiding frustration---and multiple trips to the bank---is to find out exactly what you need and put it in order ahead of time.
A board resolution is a formal agreement or decision made by a limited company’s board of directors. Board resolutions are passed at board meetings, but it is also possible for directors of private limited companies to pass resolutions in writing. A directors’ written resolution is a convenient and flexible alternative that enables decisions to be made remotely, without the need to call.
Board Resolution (Signed and Sealed) Identification of Signatories (International Passport, Drivers License, Voters Card or National ID Card) Resident Permit (Where the signatory is an expatriate) Public Utility Receipt; Form CO2 and CAC 2.1 (originals to be sighted) Visitation Form (Residential and Official) Letter of Set-Off (Signed and Sealed) Mandatory Initial Deposit; Risk Assessment Form.