Board Resolution Format for Kyc Updation Icici Bank

BOARD RESOLUTION FOR KYC UPDATION: ICICI BANK

Document ID: CORP-RES-KYC-ICICI-001
Effective Date: [Insert Date]
Version: 1.0
Governing Jurisdiction: [Insert State/Country, e.g., Maharashtra, India]

STATUTORY & LEGAL COMPLIANCE NOTICE

This document constitutes a formal corporate resolution. It is intended to satisfy the Know Your Customer (KYC) / Anti-Money Laundering (AML) regulatory requirements mandated by the Reserve Bank of India (RBI) and internal ICICI Bank policy. Users are advised that this template must be printed on the official letterhead of [Company Full Legal Name] and signed in accordance with the company’s Articles of Association. This resolution is provided for informational purposes and does not constitute formal legal advice.

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF [COMPANY FULL LEGAL NAME] HELD ON [DATE] AT [TIME] AT [REGISTERED OFFICE ADDRESS]

WHEREAS, the Company maintains corporate banking facilities with ICICI Bank Limited (the "Bank");

WHEREAS, the Bank requires periodic updating of Know Your Customer (KYC) documentation, including but not limited to, the Change in Authorized Signatories, Beneficial Ownership details, and corporate identity verification in compliance with regulatory mandates;

NOW, THEREFORE, BE IT RESOLVED THAT:

1. AUTHORIZATION: The Board of Directors hereby authorizes and approves the submission of updated KYC documentation to ICICI Bank to ensure the continued operation of all corporate accounts held with the Bank.

2. AUTHORIZED SIGNATORIES: The following individuals are hereby authorized to sign, execute, and deliver all necessary forms, KYC templates, declarations, and supporting identity documentation as required by the Bank:

   • [Name of Director/Officer 1], [Designation]
   • [Name of Director/Officer 2], [Designation]

3. SCOPE OF AUTHORITY: The aforementioned authorized signatories are empowered to: a. Sign and execute the "Request for KYC Updation" forms; b. Submit certified true copies of the Board Resolution, Certificate of Incorporation, Memorandum and Articles of Association, and proof of address; c. Attest to the authenticity of the beneficial ownership structure of the Company; d. Correspond with the Bank regarding any technical clarifications required for account maintenance.

4. RATIFICATION: Any and all actions taken by the authorized signatories prior to the date of this Resolution, which are consistent with the objective of updating the Company’s KYC profile with the Bank, are hereby ratified, confirmed, and approved in all respects.

5. COMMUNICATION: A copy of this Resolution, duly certified by any Director of the Company, be delivered to ICICI Bank, and the Bank shall be entitled to rely upon this Resolution until a new Resolution revoking or modifying this authority is passed and delivered to the Bank.

EXECUTION & FORMAL SIGNATURE BLOCKS

FOR [COMPANY FULL LEGAL NAME]:

Signature: _____________________________________
Printed Name: [Name of Chairperson/Director]
Title: Chairperson / Director
Date: [Date]
(Affix Company Seal/Stamp Here)

ATTESTED BY:

Signature: _____________________________________
Printed Name: [Name of Secretary/Director]
Title: Company Secretary / Director
Date: [Date]

STEP-BY-STEP EXECUTION & FILING GUIDE

1. Document Preparation:

   • Copy the text above into a document formatted with the [Company Full Legal Name] official letterhead.
   • Replace all bracketed text [ ] with precise legal data.
   • Ensure the "Governing Jurisdiction" matches the location of the Company’s registered office.

2. Verification of Authority:

   • Review the Company’s Articles of Association to confirm that the individuals identified in the resolution possess the requisite legal authority to act on behalf of the corporation.
   • Ensure the resolution is passed at a properly convened meeting of the Board of Directors with a quorum present.

3. Execution Protocol:

   • Hard Copy: Print on company letterhead, obtain wet ink signatures from the authorized directors, and affix the company's common seal or official rubber stamp.
   • Digital Execution: If utilizing electronic signatures (e.g., DocuSign, Adobe Sign), ensure that the platform is compliant with the jurisdictional laws governing electronic records (e.g., the IT Act in India).

4. Bank Submission:

   • Submit the certified copy of this Resolution along with the ICICI Bank KYC updation forms (e.g., Form for Change in Signatories, Annexure for Beneficial Ownership).
   • Ensure that any identity proof documents (e.g., PAN, Aadhaar, Passport) attached are self-attested by the authorized signatories.

5. Record Retention:

   • Maintain a copy of the executed resolution in the Company’s "Minute Book" as required by corporate law.
   • Retain a digital archive of the submission receipt provided by the Bank for audit purposes.