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Minutes For Change Of Bank Signatories
"I need Minutes For Change Of Bank Signatories to remove two departing executives and add our new CFO as an authorized signatory, with dual signing requirements for transactions over $50,000 AUD, to be effective from March 15, 2025."
1. Meeting Details: Date, time, location of meeting, and company name
2. Attendance: List of directors present, apologies, and confirmation of quorum
3. Chairperson: Recording who chaired the meeting
4. Previous Minutes: Confirmation of previous minutes (if applicable)
5. Purpose of Meeting: Stating the specific purpose to change bank signatories
6. Current Signing Arrangements: Recording existing bank signing arrangements and authorized signatories
7. Proposed Changes: Details of the proposed changes to signing arrangements
8. Resolution: Formal resolution to change bank signatories, including specific operating rules and limits
9. Closure: Time of meeting closure and signature of chairperson
1. Bank Account Details: Include when changes apply to specific accounts only rather than all company accounts
2. Additional Banking Services: Include when also modifying online banking access or other banking services
3. Reason for Changes: Include when there's a need to document specific reasons for the changes (e.g., departure of staff, organizational restructure)
4. Transitional Arrangements: Include when there needs to be a specific timeframe or process for implementing the changes
1. Schedule A - Authorized Signatories Details: Personal details of new and continuing authorized signatories including full names, positions, and specimen signatures
2. Schedule B - Bank Account List: List of all affected bank accounts including account numbers and branches
3. Appendix 1 - Identification Documents: Copies of identification documents for new signatories as required by AML/CTF regulations
4. Appendix 2 - Bank Forms: Completed bank-specific forms for changing signatories (as required by specific banks)
Authors
Attendance and Quorum
Declaration of Interests
Previous Minutes
Banking Authority
Signatory Removal
Signatory Appointment
Transaction Limits
Operating Rules
Authentication Requirements
Online Banking Access
Implementation Authority
Bank Account Details
Specimen Signatures
Document Execution
Meeting Closure
Banking & Financial Services
Corporate Services
Professional Services
Healthcare
Education
Retail
Manufacturing
Technology
Non-Profit
Government
Construction
Real Estate
Mining & Resources
Agriculture
Transportation & Logistics
Finance
Corporate Governance
Legal
Treasury
Executive
Board of Directors
Accounts
Administration
Risk & Compliance
Operations
Chief Executive Officer
Chief Financial Officer
Finance Director
Company Secretary
Financial Controller
Treasury Manager
Accounts Manager
Managing Director
Board Director
General Manager
Finance Manager
Corporate Governance Manager
Risk & Compliance Manager
Operations Manager
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