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Board Resolution for Authorisation to Operate Bank Account
CERTIFIED TRUE COPY OF THE BOARD RESOLUTION
Passed at the Meeting of the Board of Directors of the Company
________________
CIN: ________________
Registered Office: ________________
Email: ________________
CERTIFIED TRUE COPY OF THE BOARD RESOLUTION
Passed at the Meeting of the Board of Directors of the Company
Date of Meeting: __.__.______
Time: ______ (Hours)
Venue: Registered Office of the Company
SUBJECT: AUTHORISATION TO OPERATE BANK ACCOUNT AND INTERNET BANKING FACILITIES
"RESOLVED THAT a Current Account of the Company maintained in the name of M/s. ________________ with __________ (Name of the Bank), __________ Branch, ________________ (Address of the Branch), be operated by the authorised signatory as specified herein, and the said Bank be instructed to honour all cheques, promissory notes, bills of exchange, and other negotiable instruments drawn, accepted, endorsed, or made on behalf of the Company.
RESOLVED FURTHER THAT Mr./Ms. __________ (Name of Authorised Signatory), __________ (Designation), be and is hereby authorised to:
- Sign and execute all documents, forms, and declarations required for operating the bank account;
- Operate the account including through internet banking and other digital channels;
- Give instructions to the Bank relating to the said account, whether the account is in credit or overdrawn;
- Accept receipts for money, deeds, securities, documents, or any indemnities on behalf of the Company.
RESOLVED FURTHER THAT the authority conferred upon the said authorised signatory shall remain valid and effective until revoked by the Board of Directors or until such person ceases to hold office with the Company, whichever occurs earlier.
RESOLVED FURTHER THAT consent be and is hereby accorded to furnish the specimen signature of Mr./Ms. __________ (Name of Authorised Signatory) along with a certified true copy of this resolution to the said Bank for their records and necessary action.
RESOLVED FURTHER THAT any Director of the Company be and is hereby authorised to perform all such acts, deeds, matters, and things as may be necessary or expedient to give effect to the above resolutions."
For ________________
Signature: _________________________
Name: ________________
Designation: ________________
DIN: ________________
Board Resolution for Authorisation to Operate Bank Account
Professional Format Guide for Indian Companies
Introduction
A Board Resolution for Authorisation to Operate a Bank Account is a formal corporate document that empowers designated individuals to conduct banking transactions on behalf of the company. Under the Companies Act, 2013, companies are required to maintain proper authorisation records for all persons permitted to operate the company’s bank accounts.
This resolution identifies the authorised signatories and defines the scope of their banking powers, including cheque signing, fund transfers, internet banking operations, and execution of banking documents. It is essential for banks to verify the authority of individuals handling the company’s financial transactions and is commonly required when adding or changing signatories or enabling digital banking facilities.
Benefits of Using a Standard Format
A professionally structured board resolution format ensures consistency with statutory requirements and banking norms. Using a ready-to-use template minimises drafting errors, saves administrative time, and ensures that all essential details are captured accurately.
Standardised formats also facilitate quicker processing by banks and reduce the risk of rejection due to incomplete or improper wording.
Relevance to Company Registration and Compliance
After company registration, establishing banking facilities is one of the first operational requirements. The board resolution for authorisation to operate a bank account forms part of post-incorporation compliance documentation.
Banks require this resolution along with incorporation documents, PAN, and GST Registration Certificate (where applicable) before activating account operations. Maintaining such resolutions also supports statutory audits and reflects sound corporate governance practices.
Board Resolution for Authorisation to Operate Bank Account – Sample Format
Company Name: ___________________________
CIN: ___________________________
Registered Office: ___________________________
Email: ___________________________
CERTIFIED TRUE COPY OF THE BOARD RESOLUTION
Passed at the Meeting of the Board of Directors of the Company
Date of Meeting: __.__.______
Time: ______ (Hours)
Venue: Registered Office of the Company
SUBJECT: AUTHORISATION TO OPERATE BANK ACCOUNT AND INTERNET BANKING FACILITIES
RESOLVED THAT the Current Account of the Company maintained with __________ (Name of the Bank), __________ Branch, be operated by the authorised signatory and that the Bank be instructed to honour all cheques, negotiable instruments, and banking instructions issued on behalf of the Company.
RESOLVED FURTHER THAT Mr./Ms. __________ (Name), __________ (Designation), be and is hereby authorised to sign and execute all documents required for operating the bank account, operate the account including internet banking, issue instructions to the bank, and accept receipts, documents, or securities on behalf of the Company.
RESOLVED FURTHER THAT the authority conferred shall remain valid until revoked by the Board or until the authorised signatory ceases to hold office, whichever is earlier.
RESOLVED FURTHER THAT the specimen signature of the authorised signatory along with a certified true copy of this resolution be furnished to the Bank for its records.
RESOLVED FURTHER THAT any Director of the Company be authorised to do all such acts and deeds as may be necessary to give effect to this resolution.
For ___________________________ (Name of the Company)
Signature: ___________________________
Name: ___________________________
Designation: ___________________________
DIN: ___________________________
Frequently Asked Questions
1. Can the resolution be passed without a board meeting?
Yes, if permitted by the Articles of Association, resolutions may be passed by circulation with unanimous consent. However, banks generally prefer resolutions passed at a duly convened board meeting.
2. Who can be appointed as an authorised signatory?
Any director, key managerial personnel, or authorised employee may be appointed based on operational needs, subject to board approval.
3. Are there specific wording requirements?
The resolution should clearly specify bank details, authorised signatory details, and the scope of powers. Banks may prescribe additional clauses.
4. Is professional certification mandatory?
Professional certification is not mandatory under law, but banks may require the resolution to be certified by a director, company secretary, or practising professional.
5. Who can certify the resolution to the bank?
Any director or the company secretary may certify the resolution as a true copy, subject to bank requirements.
6. Is submission of the resolution to the bank mandatory?
Yes. Banks require a certified copy of the board resolution as part of KYC and account operation documentation.
