Board Resolution Format for Debit Card Axis Bank

CERTIFIED BOARD RESOLUTION: AUTHORIZATION FOR AXIS BANK DEBIT CARD SERVICES

Document ID: BR-AXIS-DC-[Year]-[SequenceID]
Effective Date: [Date of Board Meeting]
Version: 1.0
Governing Jurisdiction: [State/Country of Incorporation]

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STATUTORY & LEGAL COMPLIANCE NOTICE

This document constitutes a formal corporate record. It is drafted to comply with standard corporate governance protocols for banking resolutions. Users are advised that the enforceability of this resolution is contingent upon the accuracy of the corporate records, the standing of the authorized signatories within the Articles of Association/Memorandum of Association, and the specific requirements of the banking institution (Axis Bank). This document does not constitute personalized legal advice.

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1. CORPORATE IDENTIFICATION & RECITALS

WHEREAS, [Company Full Legal Name] (the "Company"), a corporation duly organized and existing under the laws of [Jurisdiction], maintains a banking relationship with Axis Bank Limited;

WHEREAS, the Board of Directors (the "Board") has determined that it is in the best interest of the Company to authorize, empower, and direct certain officers or employees to apply for, obtain, utilize, and manage Corporate Debit Card services issued by Axis Bank;

NOW, THEREFORE, BE IT RESOLVED, that the Board hereby adopts the following resolutions in their entirety.

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2. OPERATIVE CLAUSES

SECTION 1: AUTHORIZATION FOR DEBIT CARD ISSUANCE

The Company is hereby authorized to open, maintain, and operate one or more Corporate Debit Card accounts with Axis Bank. The officers named in Section 2 (the "Authorized Signatories") are empowered to execute all necessary applications, indemnity agreements, and user agreements required by Axis Bank for the issuance of said cards.

SECTION 2: AUTHORIZED SIGNATORIES

The Board designates the following individuals as "Authorized Signatories" to act on behalf of the Company regarding the Axis Bank Debit Card(s):

1. [Name], [Title]
2. [Name], [Title] The authority granted herein shall remain in full force and effect until such time as a superseding resolution is filed with Axis Bank.

SECTION 3: LIMITATION OF LIABILITY & INDEMNIFICATION

The Company shall indemnify and hold harmless Axis Bank, its officers, directors, and employees from and against any and all claims, damages, liabilities, and expenses arising out of or related to the Authorized Signatories’ use of the debit cards, provided such use is within the scope of the authority granted by the Board. The Company accepts full responsibility for all transactions initiated via the issued debit cards.

SECTION 4: INTELLECTUAL PROPERTY & DATA PRIVACY

All digital credentials, electronic keys, and proprietary banking software access granted in connection with the debit card services remain the property of Axis Bank. The Company agrees to maintain the confidentiality of all PINs, passwords, and multi-factor authentication tokens in accordance with industry-standard cybersecurity protocols.

SECTION 5: GOVERNING LAW & DISPUTE RESOLUTION

This Resolution and the underlying banking agreement shall be governed by and construed in accordance with the laws of [Governing Jurisdiction]. Any disputes arising under this resolution shall be subject to the exclusive jurisdiction of the courts located in [City, State].

SECTION 6: SEVERABILITY

If any provision of this Resolution is held to be invalid or unenforceable by a court of competent jurisdiction, the remaining provisions shall remain in full force and effect.

SECTION 7: ENTIRE AGREEMENT

This document constitutes the entire agreement regarding the authorization for Axis Bank Debit Card services and supersedes all prior board resolutions, oral or written, concerning the same subject matter.

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3. EXECUTION & SIGNATURE BLOCKS

CERTIFIED TRUE COPY I, [Name of Company Secretary/Director], the [Secretary/Director] of [Company Full Legal Name], do hereby certify that the foregoing is a true and correct copy of the resolution adopted at the meeting of the Board of Directors held on [Date], at which a quorum was present and voting.

FOR [COMPANY FULL LEGAL NAME]:

Signature: _____________________________________ Printed Name: [Name of Chairperson/Director] Title: [Title / Role] Date: [Date]

ATTESTED BY:

Signature: _____________________________________ Printed Name: [Name of Secretary/Witness] Title: Secretary / Authorized Representative Date: [Date]

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4. STEP-BY-STEP EXECUTION & FILING GUIDE

1. Customization: Open this document in your word processor. Replace all bracketed information [ ] with precise, legally registered company data.
2. Verification: Ensure that the Authorized Signatories named in Section 2 hold the power to bind the company as per the Company’s Articles of Association.
3. Execution:
   • Print the document on the Company’s Official Letterhead.
   • Obtain wet-ink signatures from the Chairperson and Secretary.
   • Apply the Company Seal (if required by your jurisdiction) over the signature area.
4. Digital Signature: If using DocuSign/Adobe Sign, ensure the "Certificate of Completion" is appended to the final PDF to provide an audit trail of the signing process.
5. Filing:
   • Deliver one original notarized copy to the local Axis Bank branch.
   • File one copy in the Company’s Corporate Minute Book.
   • Retain a digital backup in a secure, encrypted corporate repository (e.g., SharePoint or encrypted cloud storage) for the life of the banking relationship plus seven years.