The Company Authorization Letter For Bank Account Opening is a crucial document required by Hong Kong banks when establishing new corporate banking relationships. It serves as formal evidence of a company's authorization for specific individuals to act on its behalf in banking matters. This document is typically needed when a company is establishing new banking relationships, changing authorized signatories, or updating banking mandates. It must comply with Hong Kong's Banking Ordinance, Companies Ordinance, and relevant HKMA guidelines. The letter includes specific details about the company, authorized persons, their powers, and any limitations on their authority. It is particularly important in Hong Kong's business environment, where strict banking compliance requirements necessitate clear documentation of corporate authorizations.
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1. Company Information Header: Company's full registered name, registration number, and registered address
2. Date and Reference: Current date and any reference numbers
3. Bank Details: Full name and address of the bank to which the authorization is addressed
4. Subject Line: Clear indication that this is an authorization letter for bank account opening
5. Corporate Authority Statement: Statement confirming the company's authority to issue this authorization and referencing relevant board resolutions
6. Account Opening Authorization: Specific authorization for opening the bank account and type of account(s) to be opened
7. Authorized Signatories Declaration: Declaration of who is authorized to operate the account and in what capacity
8. Execution Block: Space for authorized signatures, company stamp, and witness details if required
1. Special Instructions: Used when specific banking operations or restrictions need to be detailed
2. Digital Banking Authorization: Include when authorizing access to online banking services
3. Additional Services Request: When requesting specific banking services beyond basic account operation
4. Subsidiary Account Details: When authorization covers multiple accounts or subsidiary company accounts
5. Foreign Currency Authorization: When specific authorization for foreign currency accounts is needed
1. Schedule A - Authorized Signatories: Detailed list of authorized signatories with their personal information, positions, and specimen signatures
2. Schedule B - Banking Powers: Detailed list of specific banking powers and limitations granted to each authorized person
3. Appendix 1 - Board Resolution: Copy of the board resolution authorizing the account opening and appointment of authorized signatories
4. Appendix 2 - Supporting Documents: List of attached supporting documents such as company registration, ID copies of signatories
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Corporate Services
Professional Services
Manufacturing
Trading
Technology
Retail
Real Estate
Construction
Healthcare
Education
Logistics
Hospitality
Import/Export
Consulting
Relevant Teams
Finance
Legal
Corporate Secretarial
Treasury
Compliance
Corporate Governance
Executive Management
Accounts
Administration
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Finance Director
Company Director
Managing Director
Financial Controller
Company Secretary
Treasury Manager
Accounts Manager
Finance Manager
Corporate Services Manager
Legal Counsel
Compliance Officer
Board Member
Executive Director
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