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On Letterhead of LLP Firm/CompanyELECTRONIC BANKING LLP RESOLUTION / DECLARATION TO:DBS BANK INDIA Extract of the Minutes of a Meeting of the partners of (the “LLP / “the firm / the Company “)
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How to fill out electronic banking llp resolution

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How to fill out electronic banking llp resolution

01
To fill out an electronic banking LLP resolution, follow these steps:
02
Start by stating the name of your LLP and the date of the resolution.
03
Provide the background or reason for the resolution, such as the need for electronic banking services.
04
Clearly state the resolution, including the specific electronic banking services or actions that will be taken.
05
Specify any limitations or restrictions on the use of electronic banking services, if applicable.
06
Include any additional information or requirements related to the resolution.
07
Have all members of the LLP sign and date the resolution.
08
Keep a copy of the resolution for your records and distribute copies to all relevant parties.
09
Periodically review and update the resolution as needed.

Who needs electronic banking llp resolution?

01
Anyone who operates or is a member of a limited liability partnership (LLP) and wishes to utilize electronic banking services needs an electronic banking LLP resolution. This resolution allows the LLP to establish guidelines and authorize the use of electronic banking services for financial transactions and management.

What is ELECTRONIC BANKING LLP RESOLUTION / DECLARATION Form?

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Electronic banking LLP resolution refers to a formal decision-making process within a Limited Liability Partnership (LLP) that authorizes specific individuals to access and manage the LLP's banking accounts through electronic means.
Typically, the members or designated partners of an LLP are required to file the electronic banking LLP resolution, particularly those who will have access to the banking facilities.
To fill out an electronic banking LLP resolution, indicate the name of the LLP, list the designated individuals authorized for electronic banking transactions, provide their identification details, and include the date of the resolution along with signatures of the partners.
The purpose of the electronic banking LLP resolution is to formally document the authorization of specific partners to access and manage banking transactions electronically, ensuring that proper governance and controls are in place.
The resolution must report the names of the LLP members, details of the authorized signatories, their identification numbers, and a statement declaring the authorization of electronic banking transactions.
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