Draft Board Resolution for opening of Bank Account

Resolved That a Current Account (Account) be opened with _____ Bank, _____ Branch in the name of M/s. _____ (“the Company”) and the Company do hereby accept such terms, regulations, conditions and / or stipulations as laid down by _____ (“Bank”) for this purpose.

Resolved Further That the Account shall be opened by following directors / officers for and on behalf of the Company –

1. _____
2. _____

Resolved Further That the following persons (Authorised Signatories) are hereby authorised to do all such acts, deeds and things necessary and to sign, execute and submit all such documents as are necessary in connection with operation of the said Account with Bank-

1. _____
2. _____
3. _____
4. _____

Resolved Further That the Bank be and is hereby authorised to honor all Cheques, Drafts, Bills of Exchange, Promissory Notes and any others drawn, made, accepted, endorsed or lodged for collection on behalf of the Company by and under the signatures any of the above said Authorised Signatories and to act on any Instructions so given relating to operation of the Account which shall be binding on the Company.

Resolved Further That the Authorised Signatories are hereby authorised to do all such acts, deeds and things necessary and to execute all such deeds, documents and other writings as are necessary or required to comply with all formalities as prescribed by the Bank for carrying out such changes and modifications pertaining to the Account and/or to comply with the terms and conditions as may be suggested by the Bank from time to time.

Resolved Further That, the Resolution be communicated to the Bank and shall remain in form until notice in writing of their withdrawal or cancellation is given to the Bank by the Company under the signatures of any of the existing Directors/Officers and accepted by the Bank.