Board resolution for opening bank account

[Aseem Mahajan]

please provide draft board resolution for opening bank of account of company.

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Regards,

Aseem Mahajan

[kapil bansal]

To open a Bank account.

    

The Chairman informed the Board of Directors that a Bank Account in the name of the Company was required to be open for effective functioning of the Company.   

“RESOLVED THAT:

 

1) A current account be opened in the name of Varsha Tradecom Pvt. Ltd. with The Axis Bank Limited and ICICI Bank Ltd., at Darya Ganj, New Delhi (herein the “Bank”).

 

2) The Bank be instructed to honour all cheques, bills of exchange, promissory notes or other orders, which may be drawn by/ accepted/ made by on behalf of the Company and to act on any instruction so given relating to the account whether the same be overdrawn or not or relating to the transactions of the company.

 

The following persons are appointed as Authorized Signatories to operate Bank Account of the Company with the Bank in the manner given below and that the Bank may rely upon the authority conferred by this resolution until the receipt by it of a certified copy of a resolution of this Board revoking or modifying the same.

 

Name of Signatory	Designation
Mr. ....	Authorised Signatory
Mr. ....	Authorised Signatory

 

RESOLVED FURTHER THAT Mr. ......, Director of the Company be and is hereby authorized to submit a certified true copy of this resolution to Bank and to comply with all such requirements as necessary in this regard.”

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Kapil Bansal 

Associate Company Secretary

[Aseem Mahajan]

There are 4 director in private company A,B,C and D.

A and B are appointed as authorized signatory

who will sign resoultion ? C and D are not present

Regards,

Aseem Mahajan

[kapil bansal]

chairman of the meeting.

[ULHAS BHAT]

Adding to what Kapil said, please refer to sec 54 of Companies Act 1956. Any director can sign.
In practice however some banks insist that authorised signatory cannot sign certified copy. In such case, any other director can sign, even if he has not attended the meeting.