The Letter of Introduction of Signatories to a Bank is a critical document in Pakistani corporate banking relationships that establishes the authorized individuals who can operate company bank accounts. This document is typically required when setting up new banking relationships, changing existing signatories, or updating signatory powers. It must comply with the State Bank of Pakistan's regulations and the Banking Companies Ordinance 1962, including specific requirements for documentation and verification. The letter includes detailed information about the signatories, their powers, any limitations on their authority, and specimen signatures. It serves as a security measure for both the bank and the company, ensuring that only properly authorized individuals can conduct banking transactions. Banks in Pakistan require this document to be supported by appropriate corporate authorizations, usually in the form of board resolutions or similar corporate approvals.

1. Bank Details: Full name and address of the bank branch where the account is maintained

2. Company Information: Complete company details including registration number, registered address, and account numbers

3. Purpose Declaration: Clear statement of the letter's purpose to introduce new signatories or confirm existing ones

4. Signatory Details: Names, positions, and identification details of all authorized signatories

5. Authorization Scope: Specific powers and limitations granted to the signatories

6. Verification Statement: Confirmation of the authenticity of specimen signatures and authority

7. Corporate Authorization Reference: Reference to board resolution or other corporate authority granting signing powers