Document Type: DOCX
Number of Pages: 2
This is a formal declaration made by the board of directors of a company that provides the necessary approval and authority to the concerned officials of the company to apply for a loan from a bank. This resolution is required by banks to ensure that the borrowing entity has the corporate authority to seek the loan.
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This is a formal document created by a company's board of directors that authorizes the opening of a bank account in the name of the company.
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