Board Resolution for Opening a Bank Account & Authorising Signatories — Format
A ready board-resolution format that a private limited company gives to its bank to open a current account and name the persons authorised to operate it. Download the editable Word file or the fillable PDF, or generate a customised copy. Format under the Companies Act, 2013.
When a company needs this resolution
Every newly incorporated company needs a bank current account, and banks will not open one on a mere request. They require a certified true copy of a board resolution that (a) approves opening the account with the named bank and branch, (b) names the person(s) authorised to operate it and sign cheques, and (c) states the mode of operation (singly or jointly). The same format is used to add or change signatories, or to open an additional account later.
The legal basis
Opening a bank account and authorising signatories fall within the Board’s general powers of management under Section 179 of the Companies Act, 2013. The resolution is passed at a duly convened board meeting — for which at least 7 days’ notice is given under Secretarial Standard SS-1 (revised, effective 1 April 2024) — or by circulation. A certified true copy, signed by a director, is then furnished to the bank. Record the resolution in the minutes of the meeting.
What to fill in
- Company name, CIN and registered office.
- Day, date, time and place of the board meeting.
- Type of account (current / savings), bank name and branch.
- Name and designation of each authorised signatory, and the mode of operation.
- Name, designation and DIN of the director certifying the copy; place and date.
How to use it
- Word: open the .docx, replace every blue bracketed field, delete the note, and print on letterhead.
- Fillable PDF: open in any PDF reader, type into the form fields, and print or save.
- Pass the resolution at the board meeting, record it in the minutes, and give a director-certified true copy to the bank.
Related templates & tools
Board Resolution for Opening a Bank Account – FAQs
Is a board resolution mandatory to open a company bank account?
Yes. Banks require a certified true copy of a board resolution that approves opening the account and names the authorised signatories, before a company current account can be opened.
Which section of the Companies Act applies?
Opening a bank account and authorising signatories fall within the Board’s general powers of management under Section 179 of the Companies Act, 2013.
Can it be passed by circulation instead of a meeting?
Yes, a banking resolution can be passed by circulation and later noted at the next board meeting, or passed at a board meeting called on at least 7 days’ notice under SS-1.
Who signs the certified true copy given to the bank?
A director (often the chairman) certifies the copy as true, stating name and DIN, place and date. It is printed on the company’s letterhead.
How do I change the authorised signatories later?
Pass a fresh board resolution adding or removing signatories and revising the mode of operation, and furnish a certified copy to the bank.
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Format current as of July 2026. General information only, not legal advice.