CapEx Bank Account Opening Resolution

[Rohit Surjan]

Hi,

Please find the resolution i ave drafted today. We can use this for CapEx account opening. let me know if any issues.

--

Regards

Rohit Surjan
http://rohitsurjan-says.blogspot.com
Mobile: +91 9902816475

[Suryanarayana Rao Kanukollu]

I think some changes are to be made in the above resolution draft. we shall discuss the same in tonight's meeting.

K.B.S Rao

--
You received this message because you are subscribed to the Google Groups "PavaniFortuneOwners" group.
To unsubscribe from this group and stop receiving emails from it, send an email to pavanifortuneow...@googlegroups.com.
To view this discussion on the web, visit https://groups.google.com/d/msgid/pavanifortuneowners/CANd1%3DbO9Rej2cgPJBm93ARG_FFr%2B8u_5gOAhmxc_7rPP8O3VFg%40mail.gmail.com.

[Rohit Surjan]

Can you please do that and send us the updated one???

[ROY Aranya]

I suggest we have 3 names of owners in the signature.

 

Regards,

Aranya

To view this discussion on the web, visit https://groups.google.com/d/msgid/pavanifortuneowners/CANd1%3DbMjzz18LHXP4aARSU_B8dRdvLB9yY_L8Wj8TZRB7iq52Q%40mail.gmail.com.

---

This e-mail, attachments included, is confidential. It is intended solely for the addressees. If you are not an intended recipient, any use, copy or diffusion, even partial of this message is prohibited. Please delete it and notify the sender immediately. Since the integrity of this message cannot be guaranteed on the Internet, SODEXO cannot therefore be considered liable for its content.

Ce message, pieces jointes incluses, est confidentiel. Il est etabli a l'attention exclusive de ses destinataires. Si vous n'etes pas un destinataire, toute utilisation, copie ou diffusion, meme partielle de ce message est interdite. Merci de le detruire et d'en avertir immediatement l'expediteur. L'integrite de ce message ne pouvant etre garantie sur Internet, SODEXO ne peut etre tenu responsable de son contenu.

[Suryanarayana Rao Kanukollu]

A.) First it is to be seen from the bye-laws whether a general body meeting is required to open a second account or the executive committee is empowered for that. If So, a resolution of the executive committee may be sufficient. 

B.) If a general body meeting is required the the following procedure is to be followed.

1. A notice to be served for the meeting giving sufficient time for the meeting. It is to be seen  from the bye laws whether the notice  can be served over whats app, email etc.,

2. In the notice a draft resolution to be adopted can be served asking for any  suggested changes from the members.

3.After the required time as per the notice is over a meeting shall be held on the scheduled date and time.  It is to be seen again whether the meeting can be held through the help of digital means or physically. If digital means is allowed then it will be easier.

4. A suggested version of the draft resolution to be served is given below. The first two points need not be given in the draft resolution to be served.

 i) The general body meeting as per the notice dt.....is held on ........(date) at ......(time)  at ........(place).

 ii) The following members were present.

    - - - - - - - - - - - -

iii) The general body here by resolves as follows.

   a.) The general body noted that the apartment building requires some urgent repairs of capital nature and white washing.The executive committee is authorized to collect the necessary funds.

   b.) The funds so collected shall be kept in a separate account  namely CAPITAL EXPENDITURE ACCOUNT to be opened in State Bank Of India, Gulmohar Enclave Road.

   c.)  The following people of the committee are authorized to operate the account.

       - - - - - - - - -- - 

   d.)  The funds so collected shall be used for the capital expenditure on the building as may be needed and decided by the executive committee .

5. The resolution is to be signed by all the members present.

K.B.S.Rao

 

[Rohit Surjan]

I guess we are over complicating the process. A simple resolution passed shall suffice for this. If you can change the highlighted points in document then we can sign the same at the earliest.

[Suryanarayana Rao Kanukollu]

This is not complicating. The due process is described in addition to the resolution draft.

KBS Rao

[Rohit Surjan]

We are not in per view of audits uncle. And in case bank asks such details then we will see how to fix that but for now I see a very simple 2 liner resolution shall suffice.