Account Opening Resolution

On the Letter head of the Company

CERTIFIED TRUE COPY OF RESOLUTION PASSED IN THEIR BOARD MEETING BY THE DIRECTORS OF THE …………………………………………………….. PRIVATE LIMITED DULY CONVENED AND AT WHICH A PROPER QUORUM WAS PRESENT HELD ON ………….DAY, THE ……TH ………..,  ………….. AT ……… A.M. AT THE REGISTERED OFFICE OF THE …………………………………………………..

BR 01/2020-21

A proposal to open a Current Account with the …………………….., ………… Branch was placed before the Board of directors for conducting its day-to-day financial transactions. After discussions, the Directors pass following resolution unanimously:  

“RESOLVED THAT Current Account in the name & style of ‘…………………………………. PRIVATE LIMITED’ be opened with the …………………………..,………….. Branch for the operations of the activities of the company and that the ………………………………….Authorized Signatory (ies) of the company be and are hereby authorized to open and operate the said account:

And       

1.      THAT the said Bank be instructed to accept and act upon any instructions relating to the account kept in the name of the company or relating to any transactions of the company with the Bank, provided the instructions are signed by the authorized signatory(ies) of the company in the manner mentioned as above.

2.      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 in the manner as mentioned above.

3.      THAT the bank be furnished with a list of the names of directors of the company and a copy of the company Agreement and be from time to time informed by notice in writing under the hand of the Partner/Authorized Signatory of the company of any changes which may take place therein and be entitled to act upon any such notice until the receipt of further notice under the hand of any Authorized Signatory.

4.      THAT the resolution be communicated to the Bank and remain in force until duly rescinded and notice thereof in writing be given to the Bank by any of the Designated Partners of the company.”   

“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 all acts, deeds, things, matters, etc. as afore-stated shall be deemed to be valid and enforceable only if they are consistent with the instant resolution as may be relevant in this case and that the Board shall not be responsible for any acts beyond the scope of the afore-stated powers done by …………………….., …………. branch and such invalid, illegal acts, and acts done beyond the scope of  powers granted in this Resolution shall not bind the company against any third parties or before any authorities  in any manner and that the Board shall not be answerable in that behalf.” 

“RESOLVED FURTHER THAT a certified copy of the resolution be given to ………………………. interested in the matter.”

FOR …………………………. PRIVATE LIMITED

……………………………

DIRECTOR

DIN – …………… 

Date   :- …………………..              

Place :- …………………..