The Change in Authorized Signatory Board Resolution is a crucial corporate governance document used when a company needs to modify its signing authorities. This typically occurs during leadership changes, corporate restructuring, or when revising internal controls. Under Pakistani law, particularly the Companies Act 2017 and relevant SECP regulations, this resolution must be properly documented and filed to ensure legal compliance and smooth business operations. The document specifies new signatories' details, their scope of authority, and any limitations on their powers. It serves as a vital instrument for updating banking relationships, maintaining regulatory compliance, and ensuring proper authorization for corporate transactions. The resolution is particularly important for Pakistani companies as it forms the basis for updating signatory records with various stakeholders, including banks, government authorities, and business partners.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Change In Authorised Signatory Board Resolution
"I need a Change in Authorized Signatory Board Resolution to replace our retiring CFO with our new CFO as primary signatory for all banking matters, effective March 15, 2025, with authorization for transactions up to PKR 10 million."
1. Title and Date: Formal title of the resolution and date of the board meeting
2. Company Details: Full legal name of the company, registration number, and registered office address
3. Meeting Details: Information about the board meeting, including time, place, and quorum confirmation
4. Preamble: Brief introduction stating the purpose of the resolution and reference to relevant company articles
5. Current Signatories: Details of existing authorized signatories being replaced or modified
6. New Signatories: Details of new authorized signatories including names, designations, and specimen signatures
7. Scope of Authority: Detailed description of the signing powers and limitations for each category of signatory
8. Banking Arrangements: Specific authorities regarding banking operations and account management
9. Effective Date: Date from which the new signing authorities will take effect
10. Certification: Declaration of the resolution's validity and compliance with company articles
1. Revocation of Previous Authorities: Explicit revocation of previous signing authorities - include when completely replacing old signatories
2. Digital/Electronic Signatures: Authorization for use of digital signatures - include if company uses digital banking or electronic signatures
3. International Operations: Additional provisions for international banking operations - include if company operates internationally
4. Specific Transaction Limits: Detailed monetary limits for different categories of signatories - include if implementing tiered authority levels
5. Special Powers: Additional special powers or restrictions - include if certain signatories need specific authorizations
1. Schedule A - Specimen Signatures: Specimen signatures of all new authorized signatories with their photographs
2. Schedule B - Identity Documents: Copies of CNIC/Passport of new authorized signatories
3. Schedule C - Bank Accounts List: List of all bank accounts affected by the change in signatories
4. Appendix 1 - Board Attendance: List of directors present at the meeting with their signatures
5. Appendix 2 - Corporate Authority Matrix: Detailed matrix showing signing limits and combinations for different types of transactions
Authors
Relevant legal definitions
Company
Board
Board Resolution
Authorized Signatory
Banking Documents
Financial Instruments
Specimen Signature
Signing Authority
Corporate Seal
Financial Year
Articles of Association
Memorandum of Association
Authorization Matrix
Transaction Limits
Board Meeting
Quorum
Company Secretary
Director
Executive Director
Independent Director
Digital Signature
Electronic Banking
Joint Signatories
Primary Signatory
Secondary Signatory
Banking Mandate
Operating Instructions
Authorized Representatives
Regulatory Authority
SECP
State Bank of Pakistan
Corporate Records
Designated Account
Official Communications
Board
Board Resolution
Authorized Signatory
Banking Documents
Financial Instruments
Specimen Signature
Signing Authority
Corporate Seal
Financial Year
Articles of Association
Memorandum of Association
Authorization Matrix
Transaction Limits
Board Meeting
Quorum
Company Secretary
Director
Executive Director
Independent Director
Digital Signature
Electronic Banking
Joint Signatories
Primary Signatory
Secondary Signatory
Banking Mandate
Operating Instructions
Authorized Representatives
Regulatory Authority
SECP
State Bank of Pakistan
Corporate Records
Designated Account
Official Communications
Clauses
Meeting Constitution
Quorum Confirmation
Previous Authority Revocation
Appointment
Scope of Authority
Banking Powers
Transaction Limits
Joint Authority Requirements
Document Execution
Electronic Banking Authorization
Foreign Exchange Authority
Special Powers
Specimen Signatures
Identity Verification
Corporate Seal Usage
Effective Date
Bank Account Operations
Certification
Regulatory Compliance
Recording of Resolution
Quorum Confirmation
Previous Authority Revocation
Appointment
Scope of Authority
Banking Powers
Transaction Limits
Joint Authority Requirements
Document Execution
Electronic Banking Authorization
Foreign Exchange Authority
Special Powers
Specimen Signatures
Identity Verification
Corporate Seal Usage
Effective Date
Bank Account Operations
Certification
Regulatory Compliance
Recording of Resolution
Relevant Industries
Banking and Financial Services
Manufacturing
Technology
Retail
Healthcare
Energy
Telecommunications
Real Estate
Construction
Education
Transportation and Logistics
Professional Services
Mining and Resources
Agriculture
Hospitality
Relevant Teams
Legal
Finance
Corporate Secretariat
Compliance
Treasury
Corporate Governance
Risk Management
Banking Operations
Board Secretariat
Senior Management
Relevant Roles
Chief Executive Officer
Managing Director
Company Secretary
Chief Financial Officer
Finance Director
Board Director
Chairman of the Board
Treasury Manager
Legal Counsel
Compliance Officer
Corporate Governance Officer
Senior Finance Manager
Banking Relations Manager
Risk Management Officer
Operations Director
Find the exact document you need
Board Resolution For Electricity Connection
A Philippine corporate resolution authorizing company representatives to secure and establish electricity connection with relevant utility providers.
find out more
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 Swiss law-governed corporate resolution appointing authorized signatories and defining their powers to represent and bind the company.
find out more
Change In Authorised Signatory Board Resolution
A Pakistani law-compliant board resolution document that formally establishes changes to company authorized signatories, their powers, and limitations.
find out more
Board Resolution For Increase In Salary Of Director
A Pakistani corporate resolution documenting the board's approval for increasing director salary, compliant with Companies Act 2017 and SECP requirements.
find out more
Board Resolution For Approval Of Directors Report
A formal resolution under Pakistani law documenting the board's approval of the annual Directors Report, ensuring compliance with Companies Act 2017 and SECP regulations.
find out more
Board Resolution Appointing Authorised Signatory
A Pakistani law-compliant board resolution that formally appoints and defines the powers of an authorized signatory for company operations.
find out more
Ordinary Resolution To Appoint A Director
An Ordinary Resolution under Austrian law documenting the appointment of a new director to a company's board, including all necessary legal requirements and registrations.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.