Board Resolution

Board Resolution to Invest Surplus Funds

A certified board resolution authorising investment of surplus funds in bank fixed deposits and mutual funds.

CERTIFIED TRUE COPY OF THE RESOLUTION

passed at the meeting of the Board of Directors of [Company Name] held on [Date] at [Place]

RESOLVED THAT pursuant to Section 186 of the Companies Act, 2013, the consent of the Board be and is hereby accorded to invest the surplus funds of the Company, upto Rs. [Amount], in fixed deposits with [Bank Name] and/or in units of mutual funds, as considered appropriate in the interest of the Company.

FURTHER RESOLVED THAT [Authorised Person Name], [Designation], be and is hereby authorised to place, renew, redeem and liquidate such investments from time to time and to sign all applications, forms and documents required to give effect to this resolution.

Certified to be a true copy of the resolution duly passed by the Board of Directors.

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[Director/Company Secretary]
DIN/Mem No: [..]

Before you use it — fill in / check

  • Company name
  • Bank/party name
  • Authorised person
  • Meeting date

How to use this template

  1. Read through and replace every [bracketed] or blank placeholder with your actual details.
  2. Delete any clause that doesn't apply and add anything specific to your situation.
  3. Click Print / Save as PDF to download, or Copy text to paste into your letterhead.
  4. Get it signed / stamped / notarised as required, and keep a copy for your records.

This is a general, editable template for convenience only — not legal advice. For anything material, have a professional review it. TaxClue isn't liable for how it's used.