The
Manager
Dear
Sir
Sub: New signatory
Ref: Account No:
As
per the Resolution passed on the board meeting held on <date>
the
company authorized Mr. xx, Joint Managing Director of the company to operate the current account of the company in your Bank. That was
informed to the bank together with the copy of Board resolution.
In
the Annual General Meeting of the company held on xx some of the company’s
directors including Mr. xx retired from the Board of the company. Now he is not
in the post of Managing Director of the company.
Since
Mr. xx vacated the office of Joint Managing Director, he has no power to sign
any documents on behalf of the company and hence cheques. So we request the
bank to not to honour the cheques signed by him on behalf of the company.
Yours
truly
Chairman
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