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Corporate Resolution To Open Bank Account Template for Qatar

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Key Requirements PROMPT example:

Corporate Resolution To Open Bank Account

"I need a Corporate Resolution to Open Bank Account for my Qatar-based technology startup to establish multiple currency accounts with Qatar National Bank, with three authorized signatories and digital banking access for our CFO."

Document background
A Corporate Resolution to Open Bank Account is a crucial document required by banks in Qatar before establishing a banking relationship with a corporate entity. This document is necessary whenever a company wishes to open a new bank account or modify existing banking arrangements in Qatar. It must comply with Qatar's Commercial Companies Law (Law No. 11 of 2015), Qatar Central Bank regulations, and anti-money laundering requirements. The resolution typically results from a formal meeting of the company's board of directors or shareholders and documents their decision to open a bank account, including specific details about the authorized signatories, their powers, and any operational limitations. Banks in Qatar require this resolution as evidence that the company has properly authorized the opening of the account and the individuals who will operate it.
Suggested Sections

1. Company Information: Legal name of company, commercial registration number, and registered address

2. Meeting Details: Date, time, location of the meeting, and statement of proper notice/quorum

3. Attendees: List of board members/shareholders present at the meeting

4. Resolutions: The actual decisions made regarding bank account opening, including the bank name and type of account(s)

5. Authorization of Signatories: Names and details of persons authorized to operate the account

6. Banking Powers: Specific powers granted to authorized persons (e.g., withdraw funds, sign checks, online banking)

7. Certification: Statement certifying the resolution's validity and compliance with company's articles

8. Execution: Signature block for authorized company officer(s) to execute the resolution

Optional Sections

1. Specific Banking Services: Detailed section about specific banking services required (used when company needs particular services like trade finance, letters of credit, etc.)

2. Foreign Currency Accounts: Additional provisions for opening accounts in foreign currencies (used when multiple currency accounts are needed)

3. Digital Banking Authorization: Specific provisions for online/digital banking services (used when company requires digital banking access)

4. Subsidiary/Branch Accounts: Additional provisions for opening accounts for subsidiaries or branches (used for companies with multiple entities)

5. Special Instructions: Any special operating instructions or restrictions (used when specific operational controls are required)

Suggested Schedules

1. Schedule A - Authorized Signatories: Detailed list of authorized signatories with their full names, positions, Qatar ID numbers, and specimen signatures

2. Schedule B - Account Operating Instructions: Detailed matrix of signing powers and transaction limits for different types of transactions

3. Schedule C - Required Banking Services: Comprehensive list of banking services required by the company

4. Appendix 1 - Supporting Documents: List of supporting documents to be submitted with the resolution (e.g., commercial registration, articles of association)

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




















Clauses














Relevant Industries

Banking and Financial Services

Corporate Services

Manufacturing

Retail

Technology

Construction

Healthcare

Education

Hospitality

Real Estate

Energy

Transportation

Professional Services

Trading

Import/Export

Relevant Teams

Legal

Finance

Treasury

Corporate Secretariat

Executive Management

Board of Directors

Compliance

Accounts

Corporate Governance

Operations

Relevant Roles

Chief Executive Officer

Managing Director

Board Member

Chief Financial Officer

Finance Director

Company Secretary

Corporate Secretary

Treasury Manager

Financial Controller

Legal Counsel

General Manager

Operations Director

Accounts Manager

Finance Manager

Board Chairman

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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