Opening a bank account — Board Resolution Format
Opening 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)
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Meeting particulars
Directors present
Opening a bank account
Section 179(3)(e), Companies Act, 2013
- · Quorum under Section 174 applies.
- · Minutes must be signed within 30 days (Section 118).
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
- Opening a bank account: Bank name
- Opening a bank account: Branch
- Opening a bank account: City
- Opening a bank account: Authorised signatories
[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: Opening a bank account "RESOLVED THAT the approval of the Board be and is hereby accorded for opening a current account in the name of the Company with [Bank name], [Branch] Branch, [City] (hereinafter referred to as "the Bank"), and that the Bank be and is hereby requested to open the said account and to honour all cheques, drafts, bills of exchange and other instruments drawn, accepted or made on behalf of the Company, and to act on any instructions so given, on the terms and conditions as may be prescribed by the Bank from time to time. RESOLVED FURTHER THAT [Authorised signatories], [Authorised signatories] to operate the said account, to sign cheques, withdrawal slips, requisition forms and other instruments, and to execute the account opening form, KYC documentation and all such other papers, letters and undertakings as may be required by the Bank in connection therewith. RESOLVED FURTHER THAT a certified true copy of this resolution be furnished to the Bank, and that the Bank be entitled to act upon the same until written notice of its modification or revocation is received by the Bank in the ordinary course." CERTIFIED TRUE COPY For [Company Name] _______________________ Director of the Company DIN: [DIN missing] Date: 28 July 2026 Place: [City]
What this resolution covers
Opening a bank account is used to open a current/savings account and authorise operating signatories. 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. Minutes must be signed within 30 days (Section 118).
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 opening 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 opening 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
Related pages
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.