Document background
A Corporate Banking Resolution is a crucial document required when an Indonesian company needs to establish or modify its banking arrangements. This document is necessary when opening new bank accounts, changing authorized signatories, setting up online banking services, or modifying banking authorities. The resolution must comply with Indonesian banking regulations, including OJK and Bank Indonesia requirements, and needs to be properly executed in accordance with the company's articles of association. It typically includes details about authorized persons, transaction limits, permitted banking activities, and specific banking powers granted by the company. The document is particularly important in Indonesia's highly regulated banking environment, where clear documentation of corporate authority is essential for banking relationships.
