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    Escrow BR Rera

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    hetalsangoi
    The Board of Directors of [Company Name] passed a resolution on [Date] to accept the terms and conditions of escrow services from ICICI Bank. The resolution authorized 3 Directors to accept the terms on behalf of the Company and operate the escrow account. It also authorized specific officials to operate the account and authorized 2 users to receive login credentials to view accounts through internet banking. The resolution certified copies to be furnished to ICICI Bank to act upon.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    Escrow BR Rera

    Uploaded by

    hetalsangoi
    355 views2 pages
    The Board of Directors of [Company Name] passed a resolution on [Date] to accept the terms and conditions of escrow services from ICICI Bank. The resolution authorized 3 Directors to accept the terms on behalf of the Company and operate the escrow account. It also authorized specific officials to operate the account and authorized 2 users to receive login credentials to view accounts through internet banking. The resolution certified copies to be furnished to ICICI Bank to act upon.

    Original Description:

    escroe

    Original Title

    Escrow Br Rera

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    The Board of Directors of [Company Name] passed a resolution on [Date] to accept the terms and conditions of escrow services from ICICI Bank. The resolution authorized 3 Directors to accept the terms on behalf of the Company and operate the escrow account. It also authorized specific officials to operate the account and authorized 2 users to receive login credentials to view accounts through internet banking. The resolution certified copies to be furnished to ICICI Bank to act upon.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    355 views2 pages

    Escrow BR Rera

    Uploaded by

    hetalsangoi
    The Board of Directors of [Company Name] passed a resolution on [Date] to accept the terms and conditions of escrow services from ICICI Bank. The resolution authorized 3 Directors to accept the terms on behalf of the Company and operate the escrow account. It also authorized specific officials to operate the account and authorized 2 users to receive login credentials to view accounts through internet banking. The resolution certified copies to be furnished to ICICI Bank to act upon.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 2

    Extract of the Resolution passed by the Board of Directors of ____________

    (Company) on ______ (date) at _________(place) for acceptance of the terms and


    conditions for Escrow Services.
    -------------------------------------------------------------------------------

    The Chairman informed the Board that arrangements have since been made
    with ICICI Bank Limited (ICICI Bank) for the escrow arrangement for purposes of
    _____________________________________________ and that ICICI Bank has agreed, in
    principle, to provide to the Company the escrow services subject to the terms and
    conditions as prescribed and provided by ICICI Bank to the Company.

    After some discussions, the following resolutions were passed:

    "RESOLVED

    1. That the Company do accept the offer of ICICI Bank to provide to the
    Company the escrow services as may be mutually agreed between the
    Company, ___________ and ICICI Bank .

    2. That the following directors, viz.


    Shri___________________,Shri_____________________ and Shri
    __________________________(the Authorised Directors) be and are hereby
    authorised severally to convey to ICICI Bank acceptance on behalf of the
    Company of the said escrow services on the said terms and conditions and
    agree to such changes and modifications in the said terms and conditions as
    may be suggested by ICICI Bank from time to time, operate the Escrow
    Account(s) and instruct ICICI Bank on all types of transactions related
    thereto, and to execute such deeds, documents, communications and other
    writings and give instructions and directions for and on behalf of the
    Company as may be necessary or required for this purpose.

    That the following officials are authorized to operate the Escrow Account and
    instructs all types of transactions related to Escrow Account.
    Name of Authorized Officials Mode of operations

    3. If any of the documents require to be executed under the Common Seal of


    the Company, the same be affixed to such documents in the presence of
    any# ______ of the following Directors, viz. Shri____________________, Shri
    __________________ and Shri ____________________ who shall sign the same in
    token thereof and the same be countersigned by Shri __________________
    Secretary/ authorised person of the Company in token thereof.

    4. And that Shri. _______________________ and Shri. ______________________(the


    "Authorised Users") be and are hereby authorised to receive the login id and
    passwords, as may be sent by ICICI Bank, for purposes of viewing the
    accounts of the Company through internet banking facility as provided by
    ICICI Bank.

    110112.V2
    5. And that a copy of the resolution of the Board if purporting to be certified as
    correct by the Chairman/Managing Director/Secretary of the Company shall,
    as between ICICI Bank and the Company, be conclusive evidence of the
    passing of the resolution so certified.

    6. Copies of the foregoing Resolutions certified to be true copies by the


    Chairman / Managing Director / Secretary of the Company be furnished to
    ICICI Bank and it be requested to act thereon
    CERTIFIED TO BE TRUE

    Chairman/Managing
    Director/Secretary

    (Date on which the BR was certified to be


    true)

    11/07/03-V1

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