- TO OPEN A CURRENT BANK ACCOUNT IN THE NAME OF COMPANY
[ON THE LETTER HEAD OF THE COMPANY]
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS OF [NAME OF COMPANY] AT THEIR MEETING HELD ON [DATE] AT [TIME] AT [ADDRESS].
OPENING OF CURRENT BANK ACCOUNT
The Chairman informed the Board that for the day to day operations of the Company, it is proposed to open a new Bank account with [Name of the Bank], at [Branch Address].
The Board considered the same and passed the following resolution:
“RESOLVED THAT a Current Bank Account of the Company be opened with [Name of the Bank] at [Branch Address] (“the said Bank”).”
“RESOLVED FURTHER THAT the said Bank be and is hereby authorized to honour all cheques, drafts, bills of exchange, promissory notes, acceptances, negotiable instruments, deposits, receipts and orders accepted or made on behalf of the Company by the following authorized signatories in the manner and mode of operation specified herein below and to act upon any instructions so given relating to the transactions of the Company:
| Level | Authorized Signatories and Mode of Operation | Limit per transaction |
“RESOLVED FURTHER THAT the abovementioned signatories be and are hereby authorized to sign and execute all such papers, documents, deeds, agreements, undertakings, declarations, acknowledgements, confirmation of all debts, securities etc. and to do all such acts, deeds and things as may be deemed necessary and expedient in this regard.”
“RESOLVED FURTHER THAT a certified copy of this resolution may be furnished to the concerned person, for giving effect to this resolution, under the hands of any Director / Company Secretary of the Company.”
Certified True Copy
For [NAME OF COMPANY]
[Name]
[Designation]
[DIN Number]
2. TO CLOSE BANK ACCOUNT OF COMPANY
[ON THE LETTER HEAD OF THE COMPANY]
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS OF [NAME OF COMPANY] AT THEIR MEETING HELD ON [DATE] AT [TIME] AT [ADDRESS].
CLOSURE OF BANK ACCOUNT
The Chairman informed the Board that the Current Account no. [Current Account Number] with [Name of the Bank], [Place] was not operational and thus it was proposed to close this account.
The Board considered the same and passed the following resolution:
“RESOLVED THAT the Company’s Banking Current Account No.[Current Account Number] with [Name of the Bank], be closed and bank be requested to refund the balance lying in account by way of issuance of Bankers’ Cheque or Demand Draft in the name of the Company or transfer the same to some other Current Account in the name of the Company as per Company’s request and the following person(s) of the Company be and are hereby severally/ jointly authorized to do all such acts, deeds and things and to sign all such documents, papers and writing as may be necessary in this regard:
[Name of the authorized person(s)]
“RESOLVED FURTHER THAT the above said official of the Company be and are hereby severally /jointly authorized to do all such acts, deeds and things and to sign all such documents as may be required in connection with the closure of the said Account.”
Certified True Copy
For [NAME OF COMPANY]
[Name]
[Designation]
[DIN Number]
3. TO CHANGE AUTHORISED SIGNATORY FOR BANK ACCOUNT
[ON THE LETTER HEAD OF THE COMPANY]
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS OF [NAME OF COMPANY] AT THEIR MEETING HELD ON [DATE] AT [TIME] AT [ADDRESS].
CHANGE IN BANK AUTHORIZED SIGNATORIES
The Chairman informed the Board that for the smooth functioning of the day to day operations of the company, it is proposed to change the bank authorized signatories of the [Name of the Bank].
The Board considered the same and passed the following resolution:
“RESOLVED THAT in supersession of all earlier resolutions passed by the Board of Directors in this regard, the following bank be and is hereby authorized to honour all cheques, drafts, bills of exchange, promissory notes, acceptances, negotiable instruments, deposits, receipts and orders accepted or made on behalf of the Company by following authorized signatories in the manner and mode of operation specified herein below and to act upon any instructions so given relating to the transactions of the Company:
| Name of the Bank with Current Account Number | Authorised Signatories |
“RESOLVED FURTHER THAT the abovementioned signatories be and are hereby authorized to sign and execute all such papers, documents, deeds, agreements, undertakings, declarations, acknowledgements, confirmation of all debts, securities etc., in this regard and to do all such acts, deeds and things as may be deemed necessary and expedient in this regard.”
“RESOLVED FURTHER THAT the aforesaid power entrusted to the said official shall be valid and effective unless revoked earlier by the Board or shall be exercisable by him so long as he/she is in the employment/associated with the Company.
“RESOLVED FURHTER THAT a certified copy of this resolution signed by any of the Directors be provided to anyone concerned or interested in the matter.”
Certified True Copy
For [NAME OF COMPANY]
[Name]
[Designation]
[DIN Number]
4. TO CHANGE NAME CLAUSE
[ON THE LETTER HEAD OF THE COMPANY]
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS OF [NAME OF COMPANY] AT THEIR MEETING HELD ON [DATE] AT [TIME] AT [ADDRESS].
CHANGE IN NAME OF COMPANY:
“RESOLVED THAT pursuant to the provision of Section 13 and other applicable provisions, if any, of the Companies Act 2013 (as amended or re-enacted from time to time) read with rule no 9 of the Companies (Incorporation) Rules 2014 and subject to the approval of shareholders of the Company by way of Special Resolution and the Central Government (Powers delegated to Registrar of Companies) and subject to such consents, approvals, sanctions and permissions of the appropriate authorities, departments or bodies as may be necessary and subject further to the compliance of applicable laws the consent of the Board of Directors of the Company be and is hereby accorded for the change of name of the company from “[Existing Name]” to “[Proposed Name]” or to such other name as may be approved by the Ministry of Corporate Affairs and agreed upon by the Board of Directors of the Company.”
“RESOLVED FURTHER THAT_________________ director of the Company be and is hereby severally / Jointly authorized to sign, execute and submit an application, form and any other document as may be required accordingly to the Registrar of Companies, and to do all such acts and things as may be deemed necessary in this regard.”
Certified True Copy
For [NAME OF COMPANY]
[Name]
[Designation]
[DIN Number]
5. TO CHANGE OBJECT CLAUSE
[ON THE LETTER HEAD OF THE COMPANY]
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS OF [NAME OF COMPANY] AT THEIR MEETING HELD ON [DATE] AT [TIME] AT [ADDRESS].
CHANGE IN OBJECT CLAUSE
The Chairman informed the Board that the Company is presently engaged in the business of [Main Object of the Company]. He further informed that the Company intends to diversify its business activity into [Proposed business activity] and hence it is proposed to alter the main objects of the company by inclusion of Clause [Clause No] to the Main Object of the Memorandum of Association of the Company.
The Board considered the same and passed the following resolution:
“RESOLVED THAT pursuant to the provisions of Section 13, 15 and other applicable provisions, if any, of the Companies Act, 2013 read with Companies (Incorporation) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force) and subject to the approval of shareholders of the Company in general meeting and subject to such other approvals, permission and consents as may be required, the object clause of the Memorandum of Association be and is hereby amended and draft copy of the amended memorandum as placed before the board duly initialized by the chairperson, be and is hereby approved and adopted.
“RESOLVED FURTHER THAT [Name of the authorized person(s)] be and are hereby severally authorised to sign, verify, execute and file all necessary forms and documents with the Registrar of Companies and such other authorities as may be required from time to time and to do all such acts, deeds, matters and things necessary or expedient to give effect to the resolution.”
Certified True Copy
For [NAME OF COMPANY]
[Name]
[Designation]
[DIN Number]
6. APPROVAL OF PRELIMINARY EXPENSES
[ON THE LETTER HEAD OF THE COMPANY]
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS OF [NAME OF COMPANY] AT THEIR MEETING HELD ON [DATE] AT [TIME] AT [ADDRESS].
APPROVAL OF PRELIMINARY EXPENSES
The Chairman placed before the Board a Statement of Preliminary Expenses incurred in the Incorporation of the Company and other Legal Expenses. He further requested the members to approve the same and authorize the payment thereof.
After due deliberations, the Board passed the following Resolution:
“RESOLVED that consent of the Board be and is hereby accorded to approve the following Preliminary Expenses and other Legal expenditures incurred by [Name of the Subscriber(s)], one of the subscriber of the Memorandum of Association, in the Incorporation of the Company:
| S. No. | Particulars | Amount (Rs) |
| Expenses Incurred | ||
| SUB TOTAL | ||
“RESOLVED FURTHER THAT [Name of the Directors], Directors of the Company be and is hereby severally authorized to remit the aforesaid preliminary expenditures incurred by [Name of the subscriber(s)].”
Certified True Copy
For [NAME OF COMPANY]
[Name]
[Designation]
6. To open Demat Account of Company