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

 [ON THE LETTERHEAD OF THE COMPANY]

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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, AUTHORISING SIGNATORIES AND AVAILMENT OF INTERNET BANKING FACILITIES

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 approve the open­ing of a Cur­rent Account in the name and style of “[COMPANY NAME] PRIVATE LIMITED” with [NAME OF THE BANK], at its [BRANCH NAME & ADDRESS], for man­ag­ing the bank­ing trans­ac­tions of the Company.

RESOLVED FURTHER THAT the fol­low­ing Directors/Authorised Sig­na­to­ries of the Com­pa­ny be and are here­by autho­rised to oper­ate the afore­said bank account, and sign, issue, and endorse cheques, drafts and all oth­er instru­ments and to give instruc­tions to the Bank in rela­tion to its operations:

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 autho­rised sig­na­to­ries are empow­ered, as per the mode of oper­a­tion stat­ed above, to:

• Open, oper­ate and close the bank account;
• Deposit or with­draw funds (cash, cheque, demand draft, RTGS, NEFT, IMPS, UPI, etc.);
• Sign and issue all cheques, bills of exchange, promis­so­ry notes, and oth­er instruments;
• Request cheque books, demand drafts, stop pay­ment instruc­tions, etc.;
• Update KYC and oth­er com­pli­ance infor­ma­tion as required by the bank.

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RESOLVED FURTHER THAT the Com­pa­ny do avail Inter­net Bank­ing Facil­i­ty (Cor­po­rate Banking)

RESOLVED FURTHER THAT the Com­pa­ny do avail the Cor­po­rate Inter­net Bank­ing and Mobile Bank­ing Ser­vices offered by [Bank Name] for view­ing account details, mak­ing pay­ments, and man­ag­ing finan­cial trans­ac­tions online in a secure manner.

RESOLVED FURTHER THAT the fol­low­ing per­sons be and are here­by autho­rised to oper­ate and access the Inter­net Bank­ing plat­form on behalf of the Company:

Name	Des­ig­na­tion	Inter­net Bank­ing Role	Rights
[Name 1]	Direc­tor	Admin­is­tra­tor / Initiator	Full Rights
[Name 2]	Direc­tor	Approver / Authoriser	Trans­ac­tion Approval
[Name 3] (Option­al)	Autho­rised Signatory	Ini­tia­tor	Trans­ac­tion Ini­ti­a­tion Only

RESOLVED FURTHER THAT the Inter­net Bank­ing facil­i­ty shall be used in the fol­low­ing manner:

• [Name 1] shall act as the Admin­is­tra­tor and have full con­trol to add users, define roles, and mon­i­tor all transactions;
• Trans­ac­tions above Rs. [Spec­i­fy Amount] shall require joint approval from any two Direc­tors;
• Dai­ly trans­ac­tion lim­its and access per­mis­sions shall be con­fig­ured as per inter­nal finan­cial policy;
• All trans­ac­tions shall be sub­ject to Company’s inter­nal approvals and reg­u­la­to­ry compliance.

RESOLVED FURTHER THAT the Bank is here­by autho­rised to pro­vide login cre­den­tials, pass­words, tokens, and access to the Company’s autho­rised users and to act upon instruc­tions received through inter­net bank­ing, sub­ject to inter­nal checks and pro­ce­dures of the Bank.

RESOLVED FURTHER THAT the above autho­ri­sa­tions shall remain in force until express­ly revoked by the Board and a cer­ti­fied copy of the res­o­lu­tion revok­ing or mod­i­fy­ing this res­o­lu­tion is received by the Bank.

RESOLVED FURTHER THAT a cer­ti­fied true copy of this res­o­lu­tion be pro­vid­ed to the Bank under the sig­na­ture of any one of the Direc­tors or the Com­pa­ny Sec­re­tary of the Company.

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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]