Account Opening Resolution

FORMATCERTIFIED COPY OF THE RESOLUTION MADE BY COMPANY NAME ON THE METTING HELD AT THE REGISTERED OFFICE OF THE COMPANY AT DATE ON DATE AT TIMEThe meeting is conducted to make decision on creating a current account at bank name and address for handling the daily financial activities of the company. After discussion the Board unanimously:RESOLVED THAT current account in the name and style of Company Name be opened at the bank name and address for handling the financial activities of the company and authorises the signatories to this resolution to open and operate the said bank account.INDIVITUALLY[LIST DOWN ATHOURIZED SIGNATORIES]JOINTLY[LIST DOWN AUTHORIZED SIGNATORIES]AND IT IS BEING DIRECTED THAT<ol><li>The bank is directed to accept the signatories are authorised persons to manage the transaction of the bank account and shall follow the instructions of the signatories in dealing with bank account of the company.</li><li>The bank is directed to accept deposits as securities, income, money, deeds or papers or property documents or other documents or indemnity on behalf of the company by obtaining the signature from authorised signatories</li><li>The bank must hold the list of Directors of the Company, Articles of Association and Memorandum of association.</li><li>The bank must be from time to time issued notices by the Directors of Company on any changes that may occur in the nature of bank account and must act upon such notice till further notices are issued by the directors.</li><li>The resolution made by the company shall be in effect till the company intimates the bank regarding any rescind in writing.</li></ol>    “A certified copy of the resolution be given to any one concerned or any interested in the matter”By- (Company Name)      (Director Name)eStartIndia

FORMAT

CERTIFIED COPY OF THE RESOLUTION MADE BY COMPANY NAME ON THE METTING HELD AT THE REGISTERED OFFICE OF THE COMPANY AT DATE ON DATE AT TIME

The meeting is conducted to make decision on creating a current account at bank name and address for handling the daily financial activities of the company. After discussion the Board unanimously:

RESOLVED THAT current account in the name and style of Company Name be opened at the bank name and address for handling the financial activities of the company and authorises the signatories to this resolution to open and operate the said bank account.

INDIVITUALLY

[LIST DOWN ATHOURIZED SIGNATORIES]

JOINTLY

[LIST DOWN AUTHORIZED SIGNATORIES]

AND IT IS BEING DIRECTED THAT

The bank is directed to accept the signatories are authorised persons to manage the transaction of the bank account and shall follow the instructions of the signatories in dealing with bank account of the company.
The bank is directed to accept deposits as securities, income, money, deeds or papers or property documents or other documents or indemnity on behalf of the company by obtaining the signature from authorised signatories
The bank must hold the list of Directors of the Company, Articles of Association and Memorandum of association.
The bank must be from time to time issued notices by the Directors of Company on any changes that may occur in the nature of bank account and must act upon such notice till further notices are issued by the directors.
The resolution made by the company shall be in effect till the company intimates the bank regarding any rescind in writing.

“A certified copy of the resolution be given to any one concerned or any interested in the matter”

By- (Company Name)

(Director Name)

eStartIndia

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For any company, be it a private limited company, Limited Liability Partnership or one-person company in order to open a bank account they have to pass a resolution. The resolution will decide upon the person authorized to use the bank account on behalf of the company as well as the bank where the account will be created. If the company desires to open an account in various other banks, Account Opening resolution has to be made separately for each bank accounts.

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Why Choose eStartIndia For Account Opening Resolution?

This organization comprises of expert legal professionals, who use their expertise will draft a resolution that shall cover all the legal requirements and needs of the parties. The experience and the knowledge that our professionals hold can help you in including clauses in your agreement that shall effectively describe the relationship between the parties as well as avoid confusion or difficulties in the future.

DOCUMENTS REQUIRED TO BE SUBMITTED TO THE BANK FOR ACCOUNT OPENING RESOLUTION

Articles of Association.
Memorandum of Association.
List of the Directors.
Resolution document.
Registration Certificate/COI.
THE ID of authorized signatories.

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Registration Process

PROCEDURE FOR ACCOUNT OPENING RESOLUTION

The company has to convene a Board meeting as per the requirements of the Company Law and pass a resolution by attaining a majority on the matter of where the bank account as to be created. The members should elect persons authorized to handle the bank accounts in this meeting and the final resolution shall have details of the bank and authorized persons. The resolution must be printed down on a paper having a company’s letterhead. A copy of the resolution can be kept with the company and the original with other required documents must be submitted to the bank where the company desires to open a bank account.