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Board Resolution

The board of directors of [Company Name] met on [Date] and resolved to: 1. Apply for and use banking services from AmBank or AmIslamic including payment and financing services. 2. Authorize the company to accept the terms of the agreements with AmBank/AmIslamic governing these services. 3. Appoint [Authorized Representatives' Names and Designations] to sign agreements and represent the company in using the banking services.

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924 views2 pages

Board Resolution

The board of directors of [Company Name] met on [Date] and resolved to: 1. Apply for and use banking services from AmBank or AmIslamic including payment and financing services. 2. Authorize the company to accept the terms of the agreements with AmBank/AmIslamic governing these services. 3. Appoint [Authorized Representatives' Names and Designations] to sign agreements and represent the company in using the banking services.

Uploaded by

azraq68
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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[Insert Company Name (Company No.

)] (“Company”)

CERTIFIED EXTRACT OF MINUTES OF A MEETING OF THE DIRECTORS OF THE COMPANY HELD ON


[Insert Date] AT [Insert Time am/pm]

At a meeting of the Board of Directors of the Company duly held on [Insert Date] at [Insert Venue] pursuant to Article [ ] of
the Company’s Articles of Association, the following were noted and the resolutions were passed:

IT WAS NOTED that the Directors intend to obtain for the Company, one or more of the Services from AMBANK (M)
BERHAD (Company No. 8515-D) (“AmBank”) / AMISLAMIC BANK BERHAD (Company No. 295576-U) (“AmIslamic”)

A copy of the Master Services Agreement, Autodebit Services Agreement, e-AmPayDay Services Agreement, the
Relevant Agreements and the supporting documentation relating to the Services (hereinafter referred to as “The
Agreements”) were obtained from AmBank / AmIslamic and circulated to each Director who confirm their receipt and
knowledge of the content of these documents.

Unless the context indicates otherwise, capitalised terms herein shall have the meanings assigned to those terms in the
Master Services Agreement, Autodebit Service Agreement and e-AmPayDay Services Agreement.

IT WAS RESOLVED THAT:

1. It is in the interest of the Company to apply for and use the Services and/or other product and services offered by
AmBank / AmIslamic in relation to it.

2. The Company be and is hereby authorised to accept and use the Services and accepts the terms of The
Agreements.

3. The Company endorses the legal documentation structure governing the Services and agrees to be bound by
The Agreements as the same may be varied, amended and/or supplemented (including by the addition of new
clauses or Supplements) from time to time by AmBank / AmIslamic for additional Services or other options.

4. For the purposes of obtaining and utilising the Services, the persons listed below (the “Authorised
Representative(s)”) whether singly or jointly with one or more of them be hereby authorised in their absolute
discretion to:

(a) agree to the terms set out in, and sign on behalf of the Company:

(i) any application forms, The Agreements and all other forms (including any Set-Up Forms),
indemnities, undertakings or other documents and agreements of whatsoever nature in
connection with or pursuant to the Services;

(ii) any amendment, alteration or modification to any or all of The Agreements where the
Company’s consent is required, whether prior or subsequent to the execution of The
Agreement;

(b) give such instructions from time to time which are necessary and incidental to the operation of the
Services applied for, including in respect of terminating or suspending any Services, or options within
the Services,

and to take all such other actions and/or formalities for the successful acceptance and use of the Services by the
Company:

Pursuant to this resolution, the details and specimen signature of the Authorised Representative(s) are as
follows:

Name Signature Initial

Name      
(Designation)      
NRIC No.:      

Name      
(Designation)      
NRIC No. :      
Sample Extract Board Resolution (Conventional & Islamic) Page 1
Version 2.0 (August 2012)
Name      
(Designation)      
NRIC No. :      

5. Where any document referred to above has been signed prior to the passing of these resolutions, the Company
approves, ratifies and confirms the signing of, and acceptance of the terms set out in such document.

6. Where necessary, the Common Seal of the Company be and is hereby authorised to be affixed, onto The
Agreement and such other instruments or documents of whatsoever nature which AmBank / AmIslamic may now
or at any time hereafter require to be executed or entered into by the Company in connection with any of the
above transactions relating to the Services, in accordance with the Article of Association of the Company.

We certify that the above is a true copy of the minutes of the board meeting and is in accordance with the Articles of
Association of the Company.

…………………………………………… ……………………………………………
DIRECTOR NAME : [Insert Director Name] DIRECTOR NAME : [Insert Director Name]
NRIC NO. : [Insert IC No.] NRIC NO. : [Insert IC No.]
DATE : [Insert Date] DATE : [Insert Date]

……………………………………………
COMPANY SECRETARY’S NAME : [Insert Company Secretary Name]
MEMBERSHIP/LICENSE No. : [Insert Membership/License No.]
NRIC NO. : [Insert IC No.]
DATE : [Insert Date]

Sample Extract Board Resolution (Conventional & Islamic) Page 2


Version 2.0 (August 2012)

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