Board Resolution for Closing Bank Current Account of Company

In order to close a bank account of a company, that company will have to submit an application form in the format prescribed by the bank, generally available at the branch office of the bank or at its website.

Along with the application form, the company will have to submit some of the supporting documents as required by the bank.

One of such documents is a certified copy of the board resolution passed in the meeting of the board of directors of the company for closing of the said bank account.

Certified true copy of the board resolution should be printed on the company letterhead and duly signed by the authorised signatory and stamped with rubber seal of the company.

Template of such a certified true copy of the board resolution is as follows—

SAMPLE

//Certified True Copy//

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE ...TH MEETING OF THE BOARD OF DIRECTORS OF .......................... LIMITED, HELD ON ......DAY, THE ...TH DAY OF ...MONTH...,  20...,  AT ...... A.M./P.M. AT ITS REGISTERED OFFICE SITUATED AT (VENUE ADDRESS).

#. To close the current account of the company with .......... bank.

“RESOLVED THAT the Current Account bearing number .......................... of the company maintained with .................. Bank, ............... Branch, be closed and the said bank be and is hereby instructed to refund the balance amount lying in the said account in cash/cheque.

RESOLVED FURTHER THAT (Name of the Director/Officer), (Designation) and (Name of the Director/Officer), (Designation) be and is hereby severally authorised to sign and execute all such documents, papers or instruments as may be necessary for closure of the said current account of the company and to do all such acts, deeds and things as may be necessary and/or incidental in this regard.

RESOLVED FURTHER THAT a certified true copy of the foregoing resolutions be provided to the  ......... bank under the signature of Mr./Ms. ......................, Managing Director.”

For ......................... Limited

      signature
(Name of the Managing Director)
Managing Director
DIN: .....................