Sample Letter Format to Bank for change in signatory

How to write a letter to Bank with Board Resolution, requesting for change / Addition / Removal of authorised signatory / authorized signatory in word / doc format

Rocket/12-13/012
05.02.2013

Manager
State Bank of India
15/1 Connate Place
Delhi -154 251

Dear Sir,

Please find the scanned copies of Board Resolutions passed in the Board Meeting held on 31.01.13 towards operation of Bank A/cs at Delhi (Head Office) as well as Mumbai (Factory). In this Board Resolutions the stipulations are as follows:

a) Head Office

i) Any 2 signatory from Group-A without any monetary limit

ii) Any one signatory from Group-A and any one signatory from Group-B without any monetary limit

iii) Any 2 signatory from Group-B with a monetary limit of Rs.1,50,000/-

b) Factory

i) Any 2 signatory from Group-A without any monetary limit

ii) Any one signatory from Group-A and any one signatory from Group-B without any monetary limit.

The changes in the operation of Bank A/c were effected as follows :-

i) On 25.05.2012 : Any two signatories from Group-A can operate without any monetary limit.

ii) On 25.05.2013 : Any two signatories from Group-B with a monetary limit of Rs. 1,50,000/-. Before this the Bank A/c operation was through one signatory from Group-A and one signatory from Group-B.

These changes mentioned in the Sl. No. (i) & (ii) were effected for taking care of non-availability of signatories particularly from Group-A so that small payments upto Rs.1,50,000/- can be made as well as payment can be organized even if signatory from Group-B is not available.

In this Board Meeting held on 31.01.2013 only the name of Mr Rajesh Khanna was inserted and rest of the things were same as prevalent at that time.

Yours Sincerely
For ROCKET SALES CORPORATION LTD.



ANIL KAPOOR VP (FINANCE)