A Board Resolution To Open Bank Account is a mandatory corporate document required by Indian banks and regulatory authorities when a company wishes to establish a banking relationship. This resolution is essential under the Companies Act 2013 and must be passed in a valid board meeting with proper quorum. The document serves multiple purposes: it authorizes the opening of bank accounts, designates individuals who can operate these accounts, sets transaction limits, and specifies banking relationships' parameters. Banks in India require this resolution as part of their Know Your Customer (KYC) and compliance requirements. The resolution must include specific details about the company, the type of account being opened, the authorized signatories, and their powers, making it a crucial document for corporate governance and banking operations.

1. Title and Date: Specifies that this is a Board Resolution along with the date, time, and place of the meeting

2. Attendance Details: Lists the directors present at the meeting, confirming the required quorum

3. Chairman: States who chaired the meeting

4. Purpose: Brief statement explaining the purpose of opening the bank account

5. Main Resolution: The actual resolution to open the bank account, including the bank name and branch

6. Authorization Details: Specifies who is authorized to operate the account and in what capacity

7. Operating Instructions: Details of how the account will be operated (single/joint signatures, transaction limits)

8. Document Authorization: Authority to specific individuals to execute account opening forms and documents

9. Certification: Certificate by the Chairman/Company Secretary confirming the resolution's authenticity