Account Opening Resolution

What is an Account Opening Resolution?

An account opening resolution is written to a bank when an account in the name of the business/company needs to be open by the board of directors. Board resolution for an opening bank account is a resolution passed in a Board Meeting authorizing certain people in the company to open and operate the Bank account of a Company.

How to use it?

The board resolution for an opening bank account can be used for opening the bank account of a Private Limited Company or One Person Company or Limited Company. It needs to be signed by the people mentioned as authorized by the Board of Directors. If one or more accounts are to be opened in different banks, different copies for each bank is needed.

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