Board Resolution for Opening of Bank Account of the Company
“RESOLVED THAT the consent of the Board is accorded to open a current account of the Company in the name & style of ‘___________COMPANY NAME___________’ with the ____________ Bank at its ______________ Branch having address ___________________, for the purpose of operations of the Company.
RESOLVED FURTHER THAT any two Directors of the Company are hereby jointly/severally authorised to sign and submit the bank opening form, application and the other documents necessary and required in this respect, for and on behalf of the company.
RESOLVED FURTHER THAT the said Bank be instructed to do the following in relation to opening and operation of the bank account to opened with the said Bank:
- 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.
- to accept receipts for money, deeds, securities and/ 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.
“RESOLVED FURTHER THAT Mr./Ms _____________________, CFO/Director/Company Secretary be and is hereby authorized to do all such acts, deeds and things as may be necessary and to execute all such deeds, documents, applications and other papers 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 required time to time.”
“RESOLVED FURTHER THAT a certified copy of the resolution be given to anyone concerned or interested in the matter.”
For and on behalf of ___________ (Company Name)___________
___________________ (Name of Company Secretary, if any/Director)
___________________ (Designation)
_____________________ (DIN/Membership No. as the case may be)
_____________________ (Address of the Director)
