Board Resolution format for opening Bank account by a Private limited Company

 [ON COMPANY LETTERHEAD]

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CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF [COMPANY NAME] PRIVATE LIMITED HELD ON [DATE] AT [TIME] AT THE REGISTERED OFFICE OF THE COMPANY SITUATED AT [REGISTERED OFFICE ADDRESS]

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“RESOLUTION FOR OPENING OF BANK ACCOUNT AND AUTHORISING SIGNATORIES”

RESOLVED THAT, in accor­dance with the pro­vi­sions of the Com­pa­nies Act, 2013 and the Arti­cles of Asso­ci­a­tion of the Com­pa­ny, the Board of Direc­tors do here­by autho­rise the open­ing of a Cur­rent Account in the name and style of “[COMPANY NAME] PRIVATE LIMITED” with [FULL NAME OF BANK], [BRANCH NAME AND ADDRESS], for the pur­pose of man­ag­ing the bank­ing trans­ac­tions of the Company.

RESOLVED FURTHER THAT the fol­low­ing Directors/Officers of the Com­pa­ny be and are here­by autho­rised to act as Autho­rised Sig­na­to­ries for oper­at­ing the said account and to sign, issue and endorse cheques, drafts, and all oth­er nego­tiable instru­ments, and to give instruc­tions to the Bank in rela­tion to the oper­a­tion of the said account:

Name	Des­ig­na­tion	Spec­i­men Signature	Mode of Operation
[Name 1]	Direc­tor	________________________	Singly
[Name 2]	Direc­tor	________________________	Singly
[Name 3] (Option­al)	Autho­rised Signatory	________________________	Joint­ly with any one Director

RESOLVED FURTHER THAT the afore­men­tioned autho­rised sig­na­to­ries are empow­ered, jointly/severally as per the mode of oper­a­tion spec­i­fied above, to:

• Open, oper­ate, and close the bank account in the name of the Company;
• Deposit and with­draw mon­ey in cash or through cheques, demand drafts, pay orders, RTGS, NEFT, UPI or any oth­er elec­tron­ic modes;
• Sign and endorse all cheques, bills of exchange, hundis, promis­so­ry notes, and oth­er instru­ments drawn or endorsed in favour of the Company;
• Avail inter­net bank­ing, mobile bank­ing, and such oth­er facil­i­ties as may be pro­vid­ed by the Bank and exe­cute nec­es­sary agree­ments, forms, dec­la­ra­tions, indem­ni­ties etc.;
• Request for issuance and can­cel­la­tion of cheque books, deb­it cards, stop pay­ment instruc­tions, and trans­ac­tion-relat­ed services;
• Obtain bank guar­an­tees, let­ters of cred­it, and fixed deposits in the name of the Com­pa­ny as may be required from time to time;
• Update KYC details and com­mu­ni­cate any change in sig­na­to­ries or account details.

RESOLVED FURTHER THAT the Bank be and is here­by request­ed to hon­our all cheques, promis­so­ry notes and oth­er instru­ments drawn, accept­ed, or made on behalf of the Com­pa­ny by the above autho­rised per­sons as per the mode of oper­a­tion, notwith­stand­ing that such draw­ings may cre­ate an over­draft or otherwise.

RESOLVED FURTHER THAT the Com­pa­ny Sec­re­tary or any one of the Direc­tors be and is here­by autho­rised to fur­nish a cer­ti­fied true copy of this res­o­lu­tion to the said Bank under the sig­na­ture of any Direc­tor or the Com­pa­ny Sec­re­tary of the Com­pa­ny, which shall remain in force until notice in writ­ing of its with­draw­al or mod­i­fi­ca­tion is giv­en by the Company.

For and on behalf of
[COMPANY NAME] PRIVATE LIMITED

__________________________
Name: [Name of Direc­tor]
Des­ig­na­tion: Direc­tor
DIN: [DIN Number]

__________________________
Name: [Name of Direc­tor]
Des­ig­na­tion: Direc­tor
DIN: [DIN Number]

Date: [Date]
Place: [City]