Draft Board resolution for opening of a company Bank Account

Draft Board resolution for opening of a company Bank Account

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE ……….. (No. of meeting) MEETING OF THE BOARD OF DIRECTORS OF (NAME OF COMPANY) HELD ON ( DAY, DATE AND TIME )  AT ( PLACE – ADDRESS )

"RESOLVED THAT Account in the name of " NAME OF COMPANY " be opened with (Name and Address of the bank) ………………………. and following Authorized Signatories  are  hereby severally authorized to open  the said Account.

1. PLEASE ENTER ALL NAMES
2. –
3.  

Mode of operation to operate the said account will AS PER THE FOLLOWING :

PLEASE ENTER YOUR SIGNATORY MATRIX HERE

RESOLVED FURTHER THAT the said Bank be and is hereby authorised to accept, honour and pass all cheques, hundis, bill exchange promissory notes, indemnities, guarantees, agreement for letter of credit, trust receipt for monies, received and any other commercial documents whatsoever drawn made, accepted endorsed executed by above mentioned Authorized signatories (jointly or severally) and to act upon all instructions given by them relating to the account whether the funds in the account are overdrawn or not, all which shall be binding on the company.

Certified True copy

FOR ...........................................

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