The Board Resolution For Bank Account Signatory is a fundamental corporate document required by South African banking institutions to establish or modify signatory arrangements for company bank accounts. This document is essential when setting up new banking relationships, changing authorized signatories, or updating signing mandates. It must comply with the Companies Act 71 of 2008, the Banks Act 94 of 1990, and FICA requirements. The resolution typically includes details of the authorizing board meeting, complete identification of appointed signatories, specific powers granted, transaction limits, and any special operating conditions. Banks rely on this document to verify the legitimate authority of individuals to conduct banking transactions on behalf of the company.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Company Details: Full legal name of the company, registration number, and registered address
2. Meeting Details: Date, time, venue of the meeting, and confirmation of quorum
3. Board Members Present: List of directors present at the meeting and those absent with or without apology
4. Resolution Statement: Clear statement that the board has resolved to authorize specific individuals as bank signatories
5. Authorized Signatories: Names, ID numbers, and positions of individuals authorized to operate the bank account
6. Signing Powers and Limitations: Specific powers granted and any transaction limits or signing combinations required
7. Bank Account Details: Relevant bank account numbers and banking institution details
8. Certification: Certification by the chairperson or company secretary that the resolution is true and accurate
1. Revocation of Previous Mandates: Section revoking previous signatory mandates, used when replacing existing signatories
2. Online Banking Authorization: Specific authorization for digital banking services, used when online banking access is required
3. Foreign Exchange Authority: Authorization for forex transactions, included when company conducts international business
4. Special Instructions: Any special operating instructions or restrictions, used when specific controls are needed
5. Multiple Account Authorization: Used when authorization covers multiple accounts or subsidiaries
1. Schedule A - Authorized Signatory Details: Detailed information about each authorized signatory including specimen signatures
2. Schedule B - Bank Account List: List of all relevant bank accounts covered by the resolution
3. Appendix 1 - Copy of ID Documents: Certified copies of identification documents for all authorized signatories
4. Appendix 2 - Bank Mandate Form: Bank-specific mandate form that needs to be completed alongside the resolution
Relevant legal definitions
Company
Board
Directors
Resolution
Authorized Signatories
Banking Institution
Bank Account
Signing Powers
Transaction Limit
Mandate
Electronic Banking Services
Specimen Signature
Corporate Authority
Banking Transactions
Joint Authority
Several Authority
Special Instructions
Operating Mandate
Digital Banking Platform
Company Secretary
Quorum
Financial Year
Governing Law
Board
Directors
Resolution
Authorized Signatories
Banking Institution
Bank Account
Signing Powers
Transaction Limit
Mandate
Electronic Banking Services
Specimen Signature
Corporate Authority
Banking Transactions
Joint Authority
Several Authority
Special Instructions
Operating Mandate
Digital Banking Platform
Company Secretary
Quorum
Financial Year
Governing Law
Clauses
Corporate Authority
Meeting Validity
Signatory Appointment
Signing Powers
Transaction Limits
Operating Instructions
Bank Account Operations
Digital Banking Authorization
Specimen Signatures
Document Authentication
Previous Mandate Revocation
Certification
Bank Undertakings
Compliance Requirements
Authorization Period
Amendment Powers
Communication Protocol
Foreign Exchange Authority
Meeting Validity
Signatory Appointment
Signing Powers
Transaction Limits
Operating Instructions
Bank Account Operations
Digital Banking Authorization
Specimen Signatures
Document Authentication
Previous Mandate Revocation
Certification
Bank Undertakings
Compliance Requirements
Authorization Period
Amendment Powers
Communication Protocol
Foreign Exchange Authority
Relevant Industries
Banking and Financial Services
Corporate
Small and Medium Enterprises
Non-Profit Organizations
Manufacturing
Retail
Technology
Healthcare
Education
Mining
Real Estate
Professional Services
Agriculture
Tourism
Construction
Relevant Teams
Finance
Legal
Corporate Secretariat
Treasury
Governance
Compliance
Risk Management
Executive Office
Board Secretariat
Administrative
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Financial Director
Company Secretary
Managing Director
Finance Manager
Treasury Manager
Board Director
Executive Director
Non-Executive Director
Financial Controller
Accounts Manager
Corporate Governance Officer
Legal Counsel
Risk Manager
Find the exact document you need
Resolution To Open Bank Account
A South African corporate resolution authorizing the opening and operation of a bank account, designating signatories and banking powers.
find out more
Authorised Signatory Resolution
A South African corporate resolution document that officially appoints and defines the powers of authorized signatories for a company.
find out more
Board Resolution For Increase In Salary Of Director
A South African board resolution document that formally approves and records a director's salary increase in compliance with local company law.
find out more
Board Resolution For Tender Participation
A South African corporate governance document authorizing company participation in tender processes and delegating related powers to specified individuals.
find out more
Board Resolution For Giving Loan To Other Company
A formal board resolution under South African law authorizing an inter-company loan, including loan terms and statutory compliance confirmations.
find out more
Board Resolution For Appointment Of Director In Private Company
A South African law-compliant board resolution document that formally records the appointment of a new director to a private company's board.
find out more
Board Resolution For Applying Loan From Bank
A South African corporate resolution authorizing the company to apply for and obtain a bank loan, including specific approvals and authorizations required under local law.
find out more
Board Resolution For Forfeiture Of Shares
A South African board resolution document authorizing the forfeiture of shares from a defaulting shareholder, in compliance with the Companies Act 71 of 2008.
find out more
Board Resolution For Dormant Company
A South African board resolution document confirming and recording a company's dormant status under the Companies Act.
find out more
Special Resolution For Taking Loan
A South African company document recording shareholders' special resolution to approve and authorize a significant loan transaction, required under the Companies Act 71 of 2008.
find out more
Resolution For Appointment Of New Trustee
A South African legal document recording the formal appointment of a new trustee to an existing trust, requiring Master of High Court approval.
find out more
Board Resolution For Subscription Of Shares
A South African board resolution document authorizing and approving the issuance of new shares to specified subscribers.
find out more
Special Resolution Of Directors
A formal South African corporate document recording major board decisions requiring special resolution status under the Companies Act 71 of 2008.
find out more
Board Resolution For Funding
A South African corporate document recording board approval for company funding arrangements, compliant with the Companies Act and corporate governance requirements.
find out more
Board Resolution For Change In Shareholding Pattern
A South African board resolution document that formally approves and records changes in company shareholding structure, compliant with Companies Act requirements.
find out more
Board Resolution For Appointment Of Legal Representative
A South African corporate document recording the board's formal resolution to appoint a legal representative with specified powers to act on behalf of the company.
find out more
Board Resolution Change Of Directors
A South African board resolution documenting changes in company directorship, compliant with Companies Act 71 of 2008 and CIPC requirements.
find out more
Board Resolution Change Of Address
A South African board resolution document that formally approves and records a change in a company's registered address, complying with Companies Act requirements.
find out more
Directors Resolution For Dividends
A South African corporate resolution documenting the board's decision to declare dividends, including payment details and statutory compliance confirmations.
find out more
Change Of Directors Resolution
A South African corporate resolution document that formally records and implements changes to a company's board of directors, in compliance with the Companies Act.
find out more
Board Resolution For Private Limited Company
A formal document under South African law recording decisions made by a private company's board of directors during an official board meeting.
find out more
Board Resolution For Joint Venture
A formal board resolution under South African law documenting the board's approval and authorization of a joint venture arrangement, including key terms and delegated authorities.
find out more
Board Resolution For Declaration Of Dividend
A South African corporate resolution documenting the board's decision to declare and pay dividends to shareholders, ensuring compliance with Companies Act requirements.
find out more
Board Resolution For Closure Of Business
A South African corporate resolution document recording the board's formal decision to close business operations, including implementation plans and compliance requirements.
find out more
Appointment Of Auditor Resolution
A South African corporate resolution document that formally appoints an external auditor in compliance with the Companies Act and relevant regulations.
find out more
Resolution To Appoint A Director
A formal corporate resolution under South African law documenting the appointment of a new director to a company's board of directors.
find out more
Board Resolution For Sale Of Company
A South African corporate resolution documenting board approval and authorization for the sale of a company, in compliance with the Companies Act 71 of 2008.
find out more
Board Resolution For Partnership
A South African corporate governance document recording board decisions and authorizations regarding partnership arrangements, compliant with local company law.
find out more
Board Resolution For Issue Of Shares
A South African corporate document recording the board's formal decision to issue new shares, complying with Companies Act 71 of 2008 requirements.
find out more
Board Resolution For Dissolution Of Committee
A South African corporate resolution documenting the board's decision to dissolve a committee, in compliance with the Companies Act and corporate governance requirements.
find out more
Board Resolution For Buy Back Of Shares
A South African board resolution authorizing a company's repurchase of its own shares, complying with Companies Act requirements and corporate governance standards.
find out more
Board Resolution For Approval Of Annual Budget
A South African board resolution document for formal approval of a company's annual budget, compliant with local corporate law and governance requirements.
find out more
Board Resolution For Appointment Of Compliance Officer
A South African board resolution document formalizing the appointment of a Compliance Officer and defining their role and responsibilities.
find out more
Board Resolution For Acquisition Of Shares
A South African corporate document recording the board's formal authorization for a share acquisition, compliant with the Companies Act 71 of 2008.
find out more
Board Resolution Approving Sale Of Shares
A South African corporate document recording board approval for the transfer of company shares, compliant with Companies Act 71 of 2008.
find out more
Board Resolution Appointing Corporate Secretary
A South African board resolution document formalizing the appointment of a Company Secretary in accordance with the Companies Act 71 of 2008.
find out more
Allotment Of Shares Board Resolution
A formal board resolution under South African law documenting the approval and terms of new share issuance to specified recipients.
find out more
Unanimous Resolution Of The Board
A South African board resolution document recording unanimous decisions made by all company directors under the Companies Act 71 of 2008.
find out more
Resolution To Open Bank Account For Association
A South African legal document authorizing the opening and operation of a bank account for an association, specifying account parameters and authorized signatories.
find out more
Resolution Appointing New Board Members
A South African corporate resolution document recording the formal appointment of new directors to a company's board, in compliance with the Companies Act 71 of 2008.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)