Document background
The Resolution To Add Signatory To Bank Account is a crucial corporate document required by Pakistani banks and regulatory authorities when companies need to modify their bank account signing arrangements. This document is essential when organizations need to add new authorized signatories due to personnel changes, organizational restructuring, or operational requirements. It must comply with the State Bank of Pakistan's regulations, the Banking Companies Ordinance, 1962, and the Companies Act, 2017. The resolution typically results from a formal board meeting or appropriate corporate body decision and includes specific details about the new signatory's powers, any transaction limits, and operating conditions. This document serves as the primary evidence for banks to update their records and grant access to the new signatory, making it a critical tool for maintaining proper corporate governance and banking relationships in Pakistan.
