📄 Account Opening Resolution
An Account Opening Resolution is an official document passed by the Board of Directors, Partners, or Members of an organization authorizing the opening of a bank account in the name of the business entity. It specifies who is authorized to operate the account and under what conditions.
At Classic Trade mark Office, we help you draft a precise and legally compliant Account Opening Resolution to meet the requirements of your bank and your company’s governing laws.
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📜 What is an Account Opening Resolution?
An Account Opening Resolution is a formal record of the decision made by an organization’s governing body to open a bank account with a specific bank branch.
It generally includes:
✅ Name of the bank and branch
✅ Type of account (current, savings, overdraft, etc.)
✅ Authorized signatories and their powers
✅ Mode of operation (singly, jointly, or as specified)
✅ Any special conditions imposed by the board
It acts as an internal and external proof of the authority granted to operate the account.
📜 How to Use an Account Opening Resolution?
✅ Pass the Resolution:
Hold a valid meeting of the Board, Partners, or Members and pass the resolution with unanimous or majority consent.
✅ Draft the Resolution:
Include details like the bank’s name, branch, account type, and names of authorized signatories.
✅ Sign & Certify:
The resolution must be signed by the Chairperson or an authorized official and certified true by the company secretary or a designated partner.
✅ Submit to Bank:
Provide a certified copy of the resolution to the bank along with KYC documents to open the account.
📌 Pro Tip:
Always ensure that your Account Opening Resolution complies with your entity’s Articles of Association, Partnership Deed, or LLP Agreement to avoid future disputes.
Our Services
✅ Free Consultation Call:
Understand the requirements of your bank and get clarity on who should be authorized.
✅ Tailored Drafting:
Get a professionally drafted Account Opening Resolution, customized to your entity’s structure and the bank’s format.
✅ Related Services:
Need help with Board Resolutions, Power of Attorney, or Partnership Deeds? We’re here to help you with end-to-end legal drafting.
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