Board Resolution For Opening Bank Account

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE
BOARD OF DIRECTORS OF (COMPANY NAME) HELD AT THE REGISTERED OFFICE

OF THE COMPANY AT (ADDRESS) ON (DATE) AT (TIME)
A proposal to open a current Account with the (Bank Name and Address) was placed
before the Board for conducting its day-to-day financial transactions. After discussions, the
Board unanimously:
“RESOLVED THAT Current Account in the name & style of ‘(COMPANY NAME)’ be opened
with the (Bank Name and Address), for the operations of the activities of the Company and
that the following Authorized Signatory(ies) of the Company be and are hereby authorized to
open and operate the said account:
INDIVIDUALLY/JOINTLY
1. Authorized Signatory 2. Authorized Signatory
(Signature) (Signature)
AND
1. THAT the said Bank be instructed to accept and act upon any instructions relating to
the account kept in the name of the Company or relating to any transactions of the
Company with the Bank, provided the instructions are signed by the authorized
signatory(ies) of the Company in the manner mentioned as above.
2. THAT the said Bank be instructed to accept receipts for money, deeds, securities or
other documents or papers or property or any indemnities given on behalf of the
Company provided they are signed by the authorized signatory(ies) of the Company
in the manner as mentioned above.
3. THAT the bank be furnished with a list of the names of Directors of the Company and
a copy of the Memorandum & Articles of Association and be from time to time
informed by notice in writing under the hand of the Directors/Authorized Signatory of
the Company of any changes which may take place therein and be entitled to act
upon any such notice until the receipt of further notice under the hand of any
Directors / Authorized Signatory.
4. That above mentioned signatory(ies) be and is/are hereby authorized, on behalf of
the Company / partnership / trust / association / society, 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 /
partnership / trust /association / society duly signed on behalf of the said Company /
partnership / 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 / partnership / trust /
association / society behalf of receipts for money owing by you to the Company
/partnership / trust / association / society and to debit such cheques, orders, bills,
notes or negotiable instruments to the Company's account with you whether such
accounts or accounts 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 we shall be responsible for the repayment
of any such overdraft and interest.
5. That the Company / partnership / trust / association / society do hereby apply to

(Bank Name) for Net Banking/ Mobile Banking/ Debit Card facility.
6. That the Bank is hereby authorized to mail / courier the User ID and
Password to attention of the above mentioned signatory(ies) or to such persons as
directed by the said signatory(ies), at the address of the Company /
partnership / trust / association / society recorded with the Bank and that the
Company / partnership / trust / association / society acknowledges, agrees and
confirms that the onus of keeping the User ID and Password for usage of
Net Banking / Mobile Banking / Debit Card, confidential and limited to the persons
authorized by the Company/ partnership/ trust/ association/ society is entirely of the
Company/partnership/trust/association/society.
7. That the Company / partnership / trust / association / society hereby, places the
“Terms and Conditions and Rules for the Services”, as prescribed by the Bank for the
Net Banking / Mobile Banking / Debit Card facility/ Cash Management Services
as currently applicable, on record and confirms its acceptance of the same and that
any of the persons be and is hereby authorized to singly, sign or execute the
application for availing the Services and the Terms and Conditions and Rules for the
Services and to sign, execute and deliver such other documents, instruments,
applications, letters and writings including fax cum email indemnity as deem fit by the
above mentioned applicant in relation to the banking accounts of the Company/ trust/
association/ society.
8. THAT the resolution be communicated to the Bank and remain in force until duly
rescinded and notice thereof in writing be given to the Bank by any of the Directors of
the Company.”
“RESOLVED FURTHER THAT the aforesaid power entrusted to the said official shall be
valid and effective unless revoked earlier by the Board or shall be exercisable by him so long
as he is in the concerned to the Company.”
“RESOLVED FURTHER THAT all acts, deeds, things, matters, etc. as aforestated shall be
deemed to be valid and enforceable only if they are consistent with the instant resolution as
may be relevant in this case and that the Board shall not be responsible for any acts beyond
the scope of the aforestated powers done by (Name of the authorized person(s) and such
invalid, illegal acts, and acts done beyond the scope of powers granted in this Resolution
shall not bind the Company against any third parties or before any authorities in any manner
and that the Board shall not be answerable in that behalf.”
“RESOLVED FURTHER THAT a certified copy of the resolution be given to anyone

concerned or interested in the matter.”
For (COMPANY NAME) For (COMPANY NAME)
(Director Name, Sign and Company Seal) (Director Name, Sign and Company Seal)

Board Resolution For Opening Bank Account

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Board Resolution For Opening Bank Account

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CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE

BOARD OF DIRECTORS OF (COMPANY NAME) HELD AT THE REGISTERED OFFICE

1. Authorized Signatory 2. Authorized Signatory

5. That the Company / partnership / trust / association / society do hereby apply to

“RESOLVED FURTHER THAT a certified copy of the resolution be given to anyone

For (COMPANY NAME) For (COMPANY NAME)

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