Sec. 73 - Opening of Bank Account For refund of Application money and/or Excess amount;Sec. 73 - Opening of Bank Account For refund of Application money and/or Excess amount;

Sec. 73 - Opening of Bank Account For refund of Application money and/or Excess amount;

RESOLVED that the company does open a Current Bank Account styled as …………. With (name and address of the Bank) for refund of Application money and/or excess amount of application money received from the investors.

RESOLVED further that Shri.…………. Secretary and Shri.…………. Financial Controller of the company be and the said refund cheques be made payable at places where application money was received.

RESOLVED further that the said Bank be and is hereby authorized to honour all cheques drawn on behalf of the company severally by Shri. ..…… Secretary and Shri..... …, Controller of the company and to act on any instructions so given by any of them relating to the said banking account of the company.