Closure of a bank account — Board Resolution Format
Closure of a bank account is passed by the Board of Directors under Section 179(3)(e), Companies Act, 2013 — this tool drafts the resolution, a certified true copy ready for the bank, and the meeting notice, pre-filled for this exact resolution.
Company profile
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Directors
Company Secretary (optional)
Not set — the CS signatory option won't be available until this is filled in.
Meeting particulars
Directors present
Closure of a bank account
Section 179(3)(e), Companies Act, 2013
- · Quorum under Section 174 applies.
Certification (for the Certified True Copy)
Defaults to today — a CTC is often certified well after the meeting.
Notice of meeting
Live preview — Certified True Copy
Add these before generating
- Company name
- CIN
- Registered office
- Registered office city
- At least one director with a DIN
- Meeting date
- Notice date
- Date of certification
- Signing director's DIN
- Closure of a bank account: Bank name
- Closure of a bank account: Branch
- Closure of a bank account: City
- Closure of a bank account: Account number
- Closure of a bank account: Closure effective date
- Closure of a bank account: Director authorised to complete closure
[COMPANY NAME] CIN: [CIN] Registered Office: [Registered Office] ────────────────────────────────────────────────────────────────────── CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF [COMPANY NAME] HELD ON [Date] AT 11:00 A.M. AT ITS REGISTERED OFFICE AT [Registered Office] Item No. 1: Closure of a bank account "RESOLVED THAT the Company's account no. [Account number] maintained with [Bank name], [Branch] Branch, [City] (hereinafter referred to as "the Bank"), be and is hereby closed with effect from [Closure effective date]. RESOLVED FURTHER THAT [Director authorised to complete closure], be and is hereby authorised to sign the account closure form, collect any unused cheque books, and complete all formalities required by the Bank to give effect to this resolution. RESOLVED FURTHER THAT a certified true copy of this resolution be furnished to the Bank." CERTIFIED TRUE COPY For [Company Name] _______________________ Director of the Company DIN: [DIN missing] Date: 28 July 2026 Place: [City]
What this resolution covers
Closure of a bank account is used to close an existing company bank account. It is passed under Section 179(3)(e), Companies Act, 2013, at a board of directors meeting where quorum is one-third of the total strength of the Board or two directors, whichever is higher, under Section 174 of the Companies Act, 2013. The operative wording follows the standard "RESOLVED THAT... RESOLVED FURTHER THAT..." structure used across Indian corporate practice, naming the specific party, amount or person the resolution authorises, so it reads as a genuine minute rather than a generic template when placed before the board.
Quorum under Section 174 applies.
MGT-14 filing and shareholder approval
Because this is a routine matter under Section 179(3), a private company does not need to file this resolution with the ROC in Form MGT-14 — the 5 June 2015 exemption notification covers it. Public companies and companies without the benefit of that exemption should confirm the position with their Company Secretary before assuming no filing is required.
Certified true copy for closure of a bank account
The bank will almost always ask for a certified true copy of this resolution rather than the plain minutes extract — a director or the Company Secretary reviews the copy against the minute book and certifies it, on the company's letterhead, with their name, designation and DIN (or Membership Number and Certificate of Practice number for a CS). This tool generates that certified copy directly from the same resolution text, with a signature block that adapts automatically to whichever signatory type you choose, an optional common seal line, and a "furnished to" clause naming the recipient.
Selecting closure of a bank account in the generator produces all three documents from one form — the board resolution (minutes extract), the certified true copy, and a Section 173 notice of meeting with the agenda already filled in — so nothing needs to be retyped across the three.
Frequently asked questions
Why this matters
A resolution on its own is an internal minute — a bank, the ROC, or a counterparty wants the certified true copy. Getting both right, every time, is what turns a compliance conversation into an engagement.
Related tools
Drafting resolutions for many companies? PracticeFlow keeps every company's records and deadlines in one place — so this draft is never the last document you need for a client.
See PracticeFlow for CS FirmsThis is a draft template. Review against your Articles of Association and the Companies Act, 2013 before use — not legal advice.