Regulatory Alerts2025-08-29
Added · Updated
Introduction of Standard Format of Board Resolution for Corporate Account Opening
Companies must prepare a Board of Directors resolution using the standard format in Annexure-A to open corporate accounts with financial institutions. Electronic resolutions require authentication via electronic or advanced electronic signatures under the Electronic Transactions Ordinance, 2002, and are encouraged to include a standard QR code for instant verification. Companies may modify the template contents to suit specific requirements, and the resolution remains in force until superseded or revoked.
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