Board Resolution Format to Open a Bank Account
Prepare a certified true copy of the board resolution a bank asks for when a company opens a current account.
What it is
When a company opens a bank account, the bank asks for a certified true copy of the board resolution approving the account and naming the persons who may operate it. The resolution is passed at a board meeting (or by circulation where permitted) and certified by a director or the company secretary.
When it is used
- Opening the first current account after incorporation.
- Opening an additional account with another bank.
- Changing authorised signatories or the mode of operation.
What the template covers
- Company name, CIN and registered office
- Date, time and place of the board meeting
- Bank, branch and account type
- Authorised signatories with DIN and designation
- Mode of operation (singly, jointly or any two)
- Certification by the chairman or a director
Details you will need
The generator asks for the following. Fields marked with an asterisk in the form are required; the rest can be left blank and filled in later in Word.
Company Details
Company Name; CIN; Registered Office Address
Meeting Details
Date of Board Meeting; Place of Meeting; Time of Meeting
Bank Account Details
Bank Name; Branch Name & Address; Account Type
Authorized Signatories
Authorized Signatories: Director Name, DIN, Designation; Operating Mode
Authentication
Chairman of the Meeting; Chairman DIN
Stamp duty, registration and filing
Board resolutions are passed under the Companies Act, 2013 and recorded in the minutes. A resolution to open a bank account does not have to be filed with the Registrar in MGT-14. Banks may prescribe their own format, so compare the template with the bank's account opening form.
Generate the Board Resolution — Open Bank Account
Fill in the form and download the draft as a Word file. It is a general template, not legal or professional advice; have it reviewed for your facts before you sign or rely on it.
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Frequently asked questions
Who certifies a board resolution for the bank?
A director or the company secretary signs it as a certified true copy, usually on the company letterhead, with the company seal if the company uses one.
Can the resolution be passed by circulation?
Yes. Section 175 of the Companies Act, 2013 allows resolutions by circulation for matters that do not need a meeting, such as opening a bank account.
Do we need a new resolution to change signatories?
Yes. Pass a fresh resolution naming the new signatories and mode of operation, and give the bank a certified copy.
This page gives general information for reference only. Laws, stamp duty rates and filing requirements change and differ between States, so confirm the current position for your case. Related: all document templates · free tax calculators · compliance calendar and guides.