DRAFT BOARD RESOLUTION FOR OPENING CURRENT BANK ACCOUNT

   

    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 here is the draft board resolution of opening a current bank account for a company.

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.

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.

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.” 

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.”
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