Letter of Authorisation for Payment to Statutory Body

Company Letter Head

LETTER OF AUTHORISATION (DEBIT ACCOUNT) FOR PAYMENT TO STATUTORY BODY

Date     :

Name of Bank

(Branch)

Dear Sir or Madam,

Authority to Debit Account

1.      We, the duly authorized signatory(ies) of Account No.: xxxxxxxx (“the Account”)  hereby authorize the Bank to debit the Account for payments of the amounts stated herein to the following statutory body:-

Social Security Organization (SOCSO)/Pertubuhan Keselamatan Sosial (PERKESO)        RMxxx

2.      We acknowledge that this authorization herein to debit the Account, shall be subject to verification by the Bank. We hereby agree that the Bank at its sole discretion may reject the debit authorization herein for any reason including but not limited to the reasons stated in item 3 below.

3.      We hereby irrevocably agree that the Bank shall be under no obligation whatsoever to debit the Account and effect the payment in the event that:-

     a)    There is any discrepancy between the amount stated in the pay-in-slip, this Letter of Authorization and the prescribed forms required by the relevant statutory body; and/or.

b          b)   There are insufficient funds in the Account to effect the payment.

Yours faithfully,

Company Stamp

______________________                           

Director's Name                                                                       

Director