A Partnership Resolution For Opening Bank Account is an essential document required by banks in Qatar when partnerships seek to establish banking relationships. This document is necessary to comply with Qatar Central Bank regulations and the Qatar Commercial Companies Law No. 11 of 2015. The resolution must be prepared when a partnership wishes to open a new bank account, modify existing banking arrangements, or update authorized signatories. It contains crucial information including partner details, authorized signatories, signing powers, and specific banking authorizations. The document serves as evidence of proper authorization under Qatar law and protects both the partnership and the bank by clearly defining the scope of banking authority granted to specific individuals. It must be executed in accordance with the partnership agreement and may require additional authentication depending on the bank's requirements and whether the partnership is registered in mainland Qatar or the Qatar Financial Centre.
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1. Title and Date: Specifies the type of resolution and date of the partners' meeting
2. Present Partners: Lists all partners present at the meeting, confirming proper quorum
3. Recitals: Background information including partnership details, registration number, and reason for opening the account
4. Resolution to Open Account: Main resolution stating the partnership's decision to open a bank account with the specified bank
5. Bank Details: Specifies the chosen bank and type of account to be opened
6. Authorized Signatories: Names and details of partners/individuals authorized to operate the account
7. Signing Powers: Specifies signing limits and whether single or joint signatures are required for different transaction amounts
8. Documentation Authority: Authorization to execute and submit all necessary documents for account opening
9. Certification: Statement certifying that the resolution was passed in accordance with partnership agreement
10. Signatures: Space for all partners to sign the resolution
1. Online Banking Authorization: Additional resolution for enabling and managing online banking services
2. Additional Banking Services: Authorization for specific services like trade finance, letters of credit, or forex trading
3. Borrowing Powers: Authorization for credit facilities or overdraft arrangements if required
4. Corporate Credit Cards: Authorization for issuance of corporate credit cards and their limits
5. Special Instructions: Any specific operational instructions or restrictions for the account
1. Schedule A - List of Authorized Signatories: Detailed list of authorized signatories with their specimen signatures and contact information
2. Schedule B - Partnership Registration Documents: Copies of partnership registration certificate and commercial registration
3. Schedule C - Partner Identification Documents: Copies of QID/passport of all partners and authorized signatories
4. Schedule D - Signing Matrix: Detailed matrix showing transaction limits and required signature combinations
5. Appendix 1 - Bank Forms: Standard bank account opening forms and KYC documents
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