Know how to write a letter to change authorised signatory in current account

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I suppose you have prepared board resolution in accordance with the format given in the Change of Authorised Signatory in Bank along with board resolution. Hence, find below a sample letter to the Bank on Change of Authorised Signatory to submit to the Bank as a covering letter for the board resolution.

[on letter head of the company]

To,
The Manager
Bank Limited
Delhi - 01

Sub: Change of Authorised Signatory in current account.

Sir,

Please note that the Board of Directors in the Board Meeting held on Jan 21, 2024, decided to change the authorised signatory for the Current Account No. 123456789 of M/s ABCD Company Pvt. Ltd. in your Bank.

It is decided that Mr. (Entity Three) will replace Mr. (Entity Two) as an authorised signatory. Mr. [Entity Two] is no longer authorised to sign on the account.

It is also decided that the account will now require joint signatures from Mr. (Entity One) and Mr. (Entity Four) for all related documents.

Further, to give effect to this change, a copy of Board Resolution and specimen of signatures of Mr. (Entity Three) are enclosed herewith as annexures A-1 & A-2.

For ABCD Company Pvt. Ltd.

DIRECTOR

Encl. 1. Board Resolution.
2. Specimen Signatures of Mr. (Entity Three) [find below]

[on letter head of company]