Q272: For opening an account of a Company, which of the following documents is mandatory to obtain as a certified copy?

The personal tax returns of all shareholders.

A resolution from the Board of Directors, and power of attorney granted to its managers/officers to transact on its behalf.

A letter of recommendation from an existing corporate client.

The company's projected balance sheet for the next three years.

✅ Correct Answer: B

For opening an account of a company, the bank shall obtain... (4) A resolution from the Board of Directors and power of attorney granted to its managers, officers or employees to transact on its behalf.

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Bank Promotion Exam Guide

Q272: For opening an account of a Company, which of the following documents is mandatory to obtain as a certified copy?

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