BR — Opening Company Bank Account

BR — Opening Company Bank Account

Ready-to-use draft board resolution for opening company bank account and authorizing signatories under the Companies Act, 2013. Includes format, legal references, and compliance notes. Illustrative only — customize based on your company's MOA, AOA, and professional advice.

When is This Resolution Needed?

opening company bank account and authorizing signatories requires a formal resolution under the Companies Act, 2013. Must be passed at a validly convened Board meeting with proper quorum (Section 174 — 1/3rd of directors or 2, whichever higher), notice (7 days under Section 173(3)), and minutes (Section 118).

Draft Board Resolution

[On the letterhead of the Company]

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

Present: 1. Mr./Ms. [Name] — Director (Chairperson) | 2. Mr./Ms. [Name] — Director | 3. Mr./Ms. [Name] — Director

Quorum: Present throughout as required under Section 174.

Resolution

"RESOLVED THAT the Company open a current account with [Bank Name], [Branch], and that Mr./Ms. [Name] (DIN/PAN: [Number]) and Mr./Ms. [Name] (DIN/PAN: [Number]) be authorized as signatories to operate the account jointly/severally — sign cheques, authorize transfers, execute bank mandates."

"RESOLVED FURTHER THAT any one Director or the Company Secretary be and is hereby authorized to do all acts, deeds, and things necessary to give effect to the above resolution, including filing forms with ROC, signing documents, and making applications."

Certified True Copy
For [Company Name]
[Name] | Company Secretary / Director | Date: [Date] | Place: [Place]

Compliance Notes

Documents for bank: Certified Board resolution, COI, MOA/AOA, PAN card, address proof, KYC of all signatories. This resolution generally does not need MGT-14 filing.

Post-Resolution Checklist