RESOLUTION TO OPEN A BANK ACCOUNT
Extract of the minutes of a meeting of __________ of __________, __________, constituted by __________ (the Organisation), held on __________ at __________.
PRESENT
RESOLVED
It was further resolved that this authority continues until a later resolution of the same kind changes it and a certified copy of that later resolution reaches the Bank, and that the Bank may rely on this resolution until then.
CERTIFIED TRUE COPY
I certify that this is a true copy of a resolution passed at the meeting of __________ of __________ held on __________, that it is recorded in the minutes, and that it has not been cancelled or changed.
LEGAL BASIS
Punjab and Chandigarh: The Organisation acts through the persons its trust deed or rules authorise. This resolution is valid only if the meeting was called and held as the trust deed or the rules require, and it does not give any signatory a right in the Organisation's money beyond operating the account for its objects. The Bank's own requirements for opening and operating the account, including identity papers for each signatory, are separate and apply as the Bank states.
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023.
The purpose of collecting personal data in this bank account resolution is to record who decided to open the account and who may operate it, and to support the Bank's checks on the Organisation and its signatories.
If the matter does not proceed, the personal data will be retained for 90 days and then erased. If the matter proceeds, the record will be retained for the matter plus 12 months, except where a statute requires a longer named retention period.
Data minimisation: this document does not collect a full Aadhaar number, an Aadhaar-card copy, a password or bank credentials.
SIGNATURE