BOARD RESOLUTION

EXTRACTS FROM THE MINUTES OF THE BOARD MEETING/ MEETING OF MANAGING COMMITTEE OF
THE COMPANY/SOCIETY/TRUST/ASSOCIATION HELD ON 20/03/2018, AT ITS OFFICE AT SHOP NO 17
GOLD MINE JEWEL BLDG, NEW GREEN CITY PLOT NO R 1, SECTOR 26 GANDHINAGAR : - 382026

The Board of Directors / Managing Committee of the Company / Society /Trust/Association resolved and adopted
the following resolutions:-

1. RESOLVED that Current Account(s) the Account(s)”) be opened by the Company/Trust/Association/Society/-

with YES Bank Limited (“the Bank”) at the respective Branch (es) of the Bank.

Further resolved that the Company/Society/Trust/Association do apply to the YES Bank Limited (the “Bank”)
for availing Net Banking facility and/or any other banking channel/facility provided by the Bank, from time to
time, (including but not limited to transfer of funds through RTGS, NEFT and IMPS) for carrying out banking
operations through Internet.

2. FURTHER RESOLVED that the below mentioned persons (“the Authorized Signatories”) be and is hereby Singly
authorized, on behalf of the Company / Trust / Association / Society/for the following:-

- (i) to open/ operate/ block/ close the above Account(s) & are also authorized to
- Singly sign all relevant documents/application forms opening/closing/blocking/operating the
- Account(s) or any other documents/agreement/application forms, etc., as applicable.
- (ii)to sign, execute and deliver in the manner herein contained cheques or orders which may be drawn or bills
accepted or notes made or receipts for monies owing by the Bank to the Company /Trust /Association /
Society /- duly signed on behalf of the said Company /Trust / Association / Society/- in respect of the
operations of the Account and for all cheques, or other orders, which may be drawn or bills accepted or notes
or negotiable instruments passed on the Company /Trust / Association / Society/-of receipts for money
owing by the Bank to the Company /Trust / Association / Society/- and to debit such cheques, orders, bills,
notes or negotiable instruments to the Company / Trust / Association / Society's/- Account (s) be for the
time being in credit or overdrawn or may become overdrawn of such debit without prejudice to the Bank's
right to refuse to allow any overdraft or any increase of overdraft and the Company / Trust / Association /
Society's/- shall be responsible for the repayment of any such overdraft and interest, from time to time.

- (iii)to issue/ make/give and sign instruction(s)/request(s) for availing/ utilizing credit linked trade facilities
like Export Finance, Bill/Invoice Finance, Letters of Credit/ Letter of Undertaking (Buyer’s Credit), Bank
Guarantee(s) /SBLC (s) as may be availed from the Bank on mutually agreeable terms and conditions.

Name of Authorised Signatory Designation Transaction Mode of Operation

Limits
JHUMARMAL P TUNWAL DIRECTOR NO LIMIT SINGLY
AMITKUMAR PANNARAM MALI DIRECTOR NO LIMIT SINGLY
JAGDISH MULCHANDBHAI PATEL DIRECTOR NO LIMIT SINGLY
PRAVIN GANESHBHAI CHAUDHARI DIRECTOR NO LIMIT SINGLY
SANGEETA JHUMARMAL TUNWAL DIRECTOR NO LIMIT SINGLY
3. FURTHER RESOLVED that the Company / Trust / Association/ Society/- do hereby apply to the Bank for
availing / Retail Net Banking / Merchant Establishment Services (IPG/POS) / Cash Management Services (CMS)
at the respective Branches or as applicable or any other channel thereof

4. FURTHER RESOLVED that the below mentioned persons are authorized* singly for and on behalf of the
Company / Trust / Association / Society/to carry out banking operations through Retail Net Banking facility
availed from the Bank. The extent of and the manner in which the facilities can be availed by way of Retail Net
Banking including the ability to transfer and the availability of information relating to the transactions and the
balances in the Account(s) and the limits thereof, including the charges and the conditions thereof, shall be as
prescribed/ permitted by the Bank from time to time.
5.
Name of Authorised Signatory Designation
JHUMARMAL P TUNWAL DIRECTOR
AMITKUMAR PANNARAM MALI DIRECTOR
JAGDISH MULCHANDBHAI PATEL DIRECTOR
PRAVIN GANESHBHAI CHAUDHARI DIRECTOR
SANGEETA JHUMARMAL TUNWAL DIRECTOR

RESOLVED FURTHER that the persons authorized to operate the Account(s) for and on behalf of the Company /
Trust / Association / Society/- opened with the Bank, as mentioned above are hereby authorized by this
Resolution to singly operate and access the Account(s) and to carry out banking operations through Internet. The
extent of and the manner in which the facilities can be availed by way of Internet including the ability to transfer
and the availability of information relating to the transactions and the balances in the Account(s) and the limits
thereof, including the charges and the conditions thereof, shall be as prescribed/ permitted by the Bank from time
to time.

6. RESOLVED THAT the below mentioned Director/Authorised signatories are hereby singly / jointly/severally
authorized for and on behalf of the Company/Society/Trust/Association to sign, submit and execute the
Agreement and other required applications, letters, documents, deeds and writings and do all such acts, deeds
and things as may be required for entering into an arrangement with the Bank for facilitating Merchant
Establishment Services (Internet Payment Gateway / POS)
Name of Signatory Designation
NA NA
NA NA
NA NA

7. FURTHER RESOLVED THAT the below mentioned persons are hereby severally authorized for and on behalf of
the Company/Trust/Association/Society/to operate and access the Account(s) and to carry out banking
operations through Debit Card at ATMs/ POS / any other channel(s) which can be accessed through Debit Card.
The extent of and the manner in which the facilities can be availed by way of Debit Card including the maximum
amount to transfer and/ or withdraw (including cash withdrawals), if any, and the availability of information
relating to the transactions and the balances in the Account(s) and the limits thereof, including the charges and the
conditions thereof, shall be as may be prescribed/ permitted by the Bank from time to time.

8.
Name of Authorised Signatory Designation
 JHUMARMAL P TUNWAL DIRECTOR
AMITKUMAR PANNARAM MALI DIRECTOR
JAGDISH MULCHANDBHAI PATEL DIRECTOR
PRAVIN GANESHBHAI CHAUDHARI DIRECTOR
SANGEETA JHUMARMAL TUNWAL DIRECTOR

9. FURTHER RESOLVED that the Bank is hereby authorized to mail / courier the Welcome Kit, User ID & Password
to attention of the mentioned authorized persons, at the address of the Company / Trust / Association /
Society/- recorded with the Bank and that the Company / Trust / Association / Society/- acknowledges, agrees
and confirms that the onus of keeping the welcome kit and User ID and Password for usage of Retail Net Banking
/, confidential and limited to the persons authorized by the Company / Trust/ Association/ Society is entirely of
the Company/ Trust/ Association/ Society and at the Company/Trust/Association/Society’s risk and all
transactions conducted by way of/ through Net Banking or any other channel and access to information related to
Bank Account, shall be at the sole and absolute risk, responsibility and liability of the
Company/Trust/Association/Society/- and that the Company/Trust/Association/Society/ confirms its
understanding that the Bank shall not be able to monitor or record whether any instruction(s) with respect to the
Account(s) through Net Banking or any other channel(s) is given by persons authorized by the
Company/Trust/Association/Society/ for the same or not and that the Company/Trust/Association/Society
shall not hold the Bank liable or responsible for any transactions including but not limited to access to the
information relating to the Account(s) and transfers/ withdrawals (cash withdrawals) from the same, through Net
Banking and/or other channel(s).

10. FURTHER RESOLVED that persons/Authorized Signatories mentioned under clause 2 of this resolution be and
is hereby authorized SINGLY to sign, execute and deliver such other documents, instruments, applications,
letters and writings including CMS (Cash Management Services) or providing indemnity in favour of the Bank, as
deem fit by the Bank in relation to the Account(s) , from time to time;

11. FURTHER RESOLVED that this Resolution and the authorizations granted hereunder shall remain in force till the
date the Company/Trust/ Association / Society/- submits a fresh resolution in writing superseding this
Resolution to the Bank and the same is accepted by the Bank. It is understood that all actions and transactions
done by the Authorized Signatories mentioned herein shall continue to be valid till the date the revised
Resolution is accepted by the Bank after completing all formalities, as the bank may require from time to time.

12. FURTHER RESOLVED that the Company / Trust / Association / Society/- hereby, places the “Terms and
Conditions and Rules for the Services” Governing Account Operation / Retail Net Banking / Cash Management
Services / Merchant Establishment / Instant Money Transfer along with General Terms and Conditions
prescribed by the Bank, as currently applicable, on record and confirms its acceptance of the same.

13. ALSO FURTHER RESOLVED that a copy of the above Resolution certified by the
Director/Trustee/Secretary/President/ be forwarded to the Bank.

Certified true copy

Signature*__________________________
(Secretary / Directors/Trustees/Managing Committee)
Date: 20/03/2018