Board Resolution – Activation of Bank Account
Resolution to activate or reactivate the company's bank account.
What this format contains
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS OF [COMPANY NAME] AT ITS MEETING HELD ON MONDAY, [DATE] AT THE REGISTERED OFFICE [ADDRESS], [PLACE] – [PIN] AT [TIME]
TO MAKE A REQUEST TO [BANK NAME] FOR CONVERTING THE IN-OPERATIVE CURRENT ACCOUNT OF THE COMPANY INTO OPERATIONAL TERMS:
The Chairman informed the Board of Directors of the Company that the CSR Account with the [BANK NAME], [BRANCH NAME] Branch having Account Number [ACCOUNT NUMBER] has become inoperative as no operational activity has been carried out in that account since last few years. The Management of the Company now wishes to operate the same, in a order to activate the account into operational terms we need to authorise the Director of the Company to operate the same.
After brief description and deliberation, Board has passed the following resolution:
“RESOLVED THAT the In-operative CSR Account No.[ACCOUNT NUMBER] maintained in [BANK NAME], [BRANCH NAME] Branch is to be converted into operational terms with immediate effect.
RESOLVED FURTHER THAT any of the Directors of the Company be and are hereby authorized severally to submit necessary application, Forms, request to the [BANK NAME], [BRANCH NAME] Branch and to do all such act(s) things as may be necessary to make the above mentioned current account operative.
RESOLVED FURTHER THAT a copy of this resolution be forwarded to the [BANK NAME] [BRANCH NAME] Branch for their records and necessary action.”
FOR [COMPANY NAME]
____________________
[DIRECTOR NAME]
WHOLETIME DIRECTOR
DIN: [●]