Sample Template Example of Board Resolution Letter Format for Bank for Opening a Bank Account / LC / BG Limit etc in India in Word / Doc / Pdf Free Download
February 9, 2014
The Chief Manager
State Bank of India
Bhubaneswar Industrial Estate Branch
As per the Resolution dated 25.01.12, Directors of the Company were authorised severally to accept the working capital limits from State bank of India as per the terms and conditions of the Bank. We further confirm the following :
1. Whereas vide Board Resolution dtd.25.01.2012 of the Company, the representatives of the Company so authorised in the Board Resolution(s) have executed documents as approved by the Board as per the said Resolutions for availing Letter of Credit and Bank Guarantee limits of Rs.125 lacs and Rs.50 lacs respectively from State Bank of India.
2. And whereas for availing the above Letter of Credit and Bank Guarantee limits, the Company is required to execute application cum guarantee for Letter of Credit and Counter Guarantees for Bank Guarantee from time to time for varying amount within the total Letter of Credit and Bank Guarantee limits for which documents have been executed by the Company with State Bank of India.