RESOLVED THAT

(a) a current account (“The Account”) in the name of the Company be opened with [●] [Insert name of Bank] (“The Bank”) at [●] [Insert name of Bank branch] and that and Mr./Ms. [●] [Insert name of Authorised person / Director], holding DIN [[●] [Insert 8 digits DIN], Director of the Company is hereby authorised to do so and sign the necessary forms and documents thereof.

(b) And that the Bank be instructed to honour all cheques, promissory notes and other instruments drawn by and all bills accepted on behalf of the Company whether such account be in credit or overdrawn, and to accept and credit to the account of the Company all monies deposited with or owing by the Bank on any account or accounts at any time or time kept or to be kept in the name of the Company and the amount of all cheques, notes, bills, other negotiable instruments, orders provided they are endorsed/signed by Mr./Ms. [●] [Insert name of Authorised person / Director], holding DIN [[●] [Insert 8 digits DIN], Director of the Company for the time being, severally, on behalf of the Company and such signature(s) shall be sufficient authority to bind the Company in all transactions between the Bank and the Company including those specifically rendered to herein. The Bank is authorised to accept and/or act upon the instructions issued by the said Mr./Ms. [●] [Insert name of Authorised person / Director], holding DIN [[●] [Insert 8 digits DIN], Director of the Company, severally.

(c) And that the Company hereby authorises Mr./Ms. [●] [Insert name of Authorised person / Director], holding DIN [[●] [Insert 8 digits DIN], Director of the Company to open, operate and close the said account and also to place Term Deposit(s) in the name of the Company for any tenure and to prematurely withdraw the said Term Deposit(s).

(d) And that the Company avails of the Net Banking, Phone Banking, Debit Card, Payment Gateway and any transactions services in Mutual Funds offered by Bank. That the Company has read the terms and conditions applicable to these services and accepts the same.

(e) And that the Company hereby authorises Mr./Ms. [●] [Insert name of Authorised person / Director], holding DIN [[●] [Insert 8 digits DIN], Director of the Company to avail of the Net Banking, Phone Banking, Debit Card, Payment Gateway and any transactions services in Mutual Funds offered by the Bank as outlined in the form prescribed by the Bank.

(f) And that the Company undertakes to inform the Bank 15 days in advance in case any of its authorised signatory’s Net Banking, Phone Banking, Debit Card, Payment Gateway access and any transactions services in Mutual Funds needs to be revoked. The Company will not hold the Bank responsible if it does not comply with the aforesaid term.

(g) That the Company hereby authorises the Bank to mail/courier the Debit Card and other enabling access such as PIN, password, etc. to the attention of the person(s) authorised as above at the mailing address recorded with the Bank.

(h) And that the Company do and hereby accept the terms and conditions applicable to such Account and services relating thereto and shall always be bound by and abide with them and their amendments from time to time and execute all necessary documents in favor of Bank as are required for availing such facilities.

(i) And that the aforesaid terms and conditions be and is/are hereby approved and accepted and the said and Mr./Ms. [●] [Insert name of Authorised person / Director], holding DIN [[●] [Insert 8 digits DIN], Director of the Company, severally, be and are hereby severally authorised to accept such modifications therein as may be suggested by the Bank.

FURTHER RESOLVED THAT the company do and hereby nominate the below mentioned Officers/Employees (hereinafter referred to as “the makers”) to initiate the transaction/s for tax payment in net banking by inputting the required data

Maker :: Mr./Ms. [●] [Insert name of Authorised person / Director], holding DIN [[●] [Insert 8 digits DIN], Director of the Company

FURTHER RESOLVED THAT the company do and hereby nominate the below mentioned Officers/Employees (hereinafter referred to as “the checkers”) to authorize or cancel the tax payment transaction/s that have been initiated as per the preceding paragraph.

Checker :: Mr./Ms. [●] [Insert name of Authorised person / Director], holding DIN [[●] [Insert 8 digits DIN], Director of the Company

FURTHER RESOLVED THAT the stamp/Common Seal of the Company be affixed to the application from for the aforesaid opening of account and availing products and services as stated in the Memorandum and Articles of Association of the Company.

FURTHER RESOLVED THAT a copy of any resolution of the Board if purporting to be certified as correct by any director of the Company or by the Secretary of the Company shall, as between the Bank and the Company, be conclusive evidence of the passing of the resolution so certified.

FURTHER RESOLVED THAT this resolution be communicated to the Bank and shall remain in force until notice in writing of its withdrawal, or cancellation is given to the Bank by the Company. Certified that the above is a correct copy of the resolution passed on by the Board of Directors and that it has been entered in the usual course of business in the minutes book of the Company and signed therein by the Chairman of the meeting/Company and is in accordance with the Memorandum and Articles of Association of the Company.