The Resolution to Add Signatory to Bank Account is a crucial corporate document used when a UAE-based company needs to authorize a new individual to operate its bank accounts. This document is required by UAE banks and must comply with both UAE Federal Law No. 2 of 2015 and Central Bank regulations. It's typically needed when onboarding new senior employees, replacing existing signatories, or restructuring financial controls. The resolution must clearly state the company's authorization, specify the accounts involved, detail the signatory's powers (such as transaction limits and single/joint signing rights), and include all identification details required for UAE banking compliance. This document forms part of the company's official records and is a key requirement for banks to process the addition of new signatories.
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1. Company Details: Full legal name of the company, its registration number, and registered address
2. Meeting Details: Date, time, and type of meeting (board/shareholder) where resolution was passed
3. Attendees and Quorum: List of present directors/shareholders and confirmation of meeting quorum
4. Bank Account Details: Specific details of the relevant bank account(s) including account numbers and branch
5. New Signatory Details: Full name, nationality, Emirates ID/passport number, and position of the new signatory
6. Signing Authority: Specific powers being granted (e.g., single/joint signatory, transaction limits)
7. Resolution Statement: The formal resolution text authorizing the addition of the new signatory
8. Authorization: Authorization for executing necessary documents with the bank
1. Existing Signatories: List of current authorized signatories - include when bank requires confirmation of all existing signatories
2. Specimen Signature: Space for new signatory's specimen signature - include if required by specific bank
3. Digital Banking Access: Authorization for online banking access - include if digital banking access is being granted
4. Removal of Signatories: Section for removing existing signatories - include if any current signatories are being removed
5. Special Instructions: Any special operational instructions or restrictions - include if there are specific limitations or conditions
1. Copy of Trade License: Certified copy of company's valid trade license
2. Identity Documents: Copies of new signatory's Emirates ID and passport
3. Specimen Signature Form: Bank's standard specimen signature form if required
4. Board Resolution Extract: Certified extract of the board resolution if full resolution not required
5. Power of Attorney: If signatory is being granted power of attorney for banking matters
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Banking & Financial Services
Corporate
Retail
Manufacturing
Real Estate
Healthcare
Technology
Construction
Education
Professional Services
Hospitality
Trading
Logistics
Energy
Relevant Teams
Finance
Legal
Corporate Governance
Treasury
Executive Management
Board of Directors
Company Secretariat
Compliance
Operations
Administration
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Finance Director
Managing Director
General Manager
Financial Controller
Treasury Manager
Company Secretary
Board Director
Finance Manager
Operations Director
Country Manager
Regional Director
Accounts Manager
Legal Counsel
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