DRAFT BOARD RESOLUTION FOR OPENING CURRENT BANK ACCOUNT
If a company wants to open or close a bank account, approval of the board
is required for this purpose and a certified true copy of the board resolution for opening current bank account is to be provided to the concerning bank. So here is the draft board resolution of opening a
current bank account for a company.
is required for this purpose and a certified true copy of the board resolution for opening current bank account is to be provided to the concerning bank. So here is the draft board resolution of opening a
current bank account for a company.
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“RESOLVED THAT a Current Account of the
Company be opened in the name of M/s. …………………., with ………… Bank, ……………
Branch and the
said Bank be and is hereby instructed to honour all Cheques, Promissory Notes,
Bills of Exchange and other negotiable instruments drawn, accepted or made and
signed on behalf of the Company and to act on any instructions so given,
relating to the said account whether the same be overdrawn or not or relating
to the transaction on behalf of the Company, by Shri ………………….. of the company
and he is also hereby authorised to sign the documents for the purpose of
opening the account and for the purpose of operating the said account.
Company be opened in the name of M/s. …………………., with ………… Bank, ……………
Branch and the
said Bank be and is hereby instructed to honour all Cheques, Promissory Notes,
Bills of Exchange and other negotiable instruments drawn, accepted or made and
signed on behalf of the Company and to act on any instructions so given,
relating to the said account whether the same be overdrawn or not or relating
to the transaction on behalf of the Company, by Shri ………………….. of the company
and he is also hereby authorised to sign the documents for the purpose of
opening the account and for the purpose of operating the said account.
RESOLVED FURTHER 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 of the Company as
mentioned above.
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 of the Company as
mentioned above.
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.”
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.”
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RESOLVED FURTHER THAT the
consent be and is hereby accorded for the furnishing of specimen signatures of
Shri ………………… as an authorised signatory and a certified true copy of the
resolution to the said Bank for the necessary action.”
consent be and is hereby accorded for the furnishing of specimen signatures of
Shri ………………… as an authorised signatory and a certified true copy of the
resolution to the said Bank for the necessary action.”
The above draft board resolution for opening a current bank account is only for reference purposes, you should make necessary changes as per your requirement.
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