Document background
A Board Resolution To Open Bank Account is a crucial corporate document required by Indonesian banks and regulatory authorities when a company wishes to establish banking relationships. This document is mandated under Indonesian Company Law (Law No. 40 of 2007) and banking regulations, demonstrating proper corporate governance and authorization. It is typically needed when setting up a new company, opening additional accounts, changing authorized signatories, or establishing accounts at different banks. The resolution must include specific details about the company, the type of account to be opened, designated signatories, and their respective authority levels. It serves as the primary evidence for banks that proper corporate procedures have been followed in authorizing the account opening and its operation.
