Board Resolution for Foreign Exchange Transactions
(To be obtained on pre-printed corporate letterhead)
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS OF ——————PRIVATE LIMITED HELD ON ————- AT THE REGISTERED OFFICE OF THE COMPANY AT ——– A. M. /P.M
Certified copy of the relevant extract from the minutes of the Meeting of Board of Directors of _____________________ held on __________ at ______________
After discussion the Board passed the following Resolution:
“Resolved that in order to manage the Company’s Foreign Exchange exposure, the following officials be and are hereby authorised, jointly and severally, to enter into foreign exchange transactions and contracts on behalf of the Company with NAME OF BANK.
1. Name _____________________
2. Designation ____________________
The said ______________________ are hereby further authorized to negotiate and enter into foreign exchange contracts, give instructions to the Bank regarding the rollover/cancellation all other dealings related to foreign exchange on behalf of the Company and for such purpose to execute contracts and other documents including indemnities and other commitments as may be necessary.
Resolved further that (NAME OF BANK) may rely on this Resolution until receipt of a certified copy of a resolution specifically pertaining to foreign exchange, revoking or modifying this Resolution.
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