Board Resolution Format for Opening Bank Account in Pnb

CERTIFIED TRUE COPY OF THE BOARD RESOLUTION

Document ID: CORP-RES-BANK-PNB-[YYYYMMDD]-001
Effective Date: [Date]
Version: 1.0
Governing Jurisdiction: [Jurisdiction, e.g., State of Delaware / Republic of India]

STATUTORY & LEGAL COMPLIANCE NOTICE

This document is provided for institutional use. It is the responsibility of the Board of Directors and the Corporate Secretary to ensure that the adoption of this resolution complies with the Company’s Articles of Association, Bylaws, and the applicable banking regulations of the Punjab National Bank (PNB) branch. Legal counsel should verify that the signatory authority limits set forth herein align with the Company’s Delegation of Authority (DoA) matrix.

RESOLUTION OF THE BOARD OF DIRECTORS OF [COMPANY FULL LEGAL NAME]

CERTIFIED TRUE COPY of the resolution passed at the meeting of the Board of Directors of [COMPANY FULL LEGAL NAME] (the "Company"), held at the registered office of the Company at [PRINCIPAL ADDRESS] on [DATE] at [TIME].

WHEREAS, the Board of Directors (the "Board") has determined that it is in the best interest of the Company to open and maintain one or more bank accounts with Punjab National Bank (hereinafter referred to as the "Bank") to facilitate the financial operations of the Company.

NOW, THEREFORE, BE IT RESOLVED:

1. AUTHORIZATION TO OPEN ACCOUNT: That the Company be and is hereby authorized to open, maintain, and operate one or more current, savings, or fixed deposit accounts in the name of the Company with Punjab National Bank at its branch located at [BRANCH ADDRESS/CITY].

2. AUTHORIZED SIGNATORIES: That the following individuals (the "Authorized Signatories") are hereby authorized to sign, execute, and deliver all documents, agreements, forms, and instruments required by the Bank for the opening and operation of the account, including but not limited to account opening forms, specimen signature cards, and letters of authority:

3. OPERATING MANDATE: That the Bank be instructed to honor and debit the account(s) for all checks, drafts, bills of exchange, promissory notes, or other payment orders signed/electronically authorized by [INSERT MANDATE, e.g., "any one of the above" or "any two of the above jointly"] and to honor instructions for electronic funds transfers (NEFT/RTGS/IMPS/SWIFT) initiated by the Authorized Signatories in accordance with the Company’s internal financial controls.

4. ACCESS TO DIGITAL BANKING: That the Authorized Signatories are empowered to enroll the Company in the Bank’s corporate internet banking, mobile banking, and trade finance portals, and to appoint such other employees as "Users" with view-only or transactional rights as deemed necessary for the conduct of business, subject to the Company’s internal IT and financial security policies.

5. REPRESENTATIONS AND WARRANTIES: That the Board hereby certifies that the Company is duly incorporated and existing under the laws of [JURISDICTION], and has the full power and authority to enter into this banking arrangement. The Board further certifies that this resolution has been entered into the Minutes Book of the Company and is in accordance with the Company’s Charter.

6. CONTINUITY OF RESOLUTION: That this resolution shall remain in full force and effect until such time as a fresh resolution is passed by the Board and a certified true copy thereof is delivered to the Bank, superseding the current authorization.

EXECUTION & FORMAL SIGNATURE BLOCKS

CERTIFIED BY THE COMPANY SECRETARY / DIRECTOR:

Signature: _____________________________________
Printed Name: [Name of Secretary/Director]
Title: [Corporate Secretary / Director]
Company: [Company Legal Name]
Date: [Date]
(Seal of the Company)

ACKNOWLEDGMENT OF AUTHORIZED SIGNATORIES:

Signature: _____________________________________
Printed Name: [Authorized Signatory Name]
Title: [Title / Role]
Date: [Date]

STEP-BY-STEP EXECUTION & FILING GUIDE

1. Customization: Open the document in Microsoft Word. Use the "Find & Replace" function to update all bracketed fields [ ] with the specific legal data of your entity. Ensure the Operating Mandate (Section 3) reflects the exact dual-signature or single-signature requirements your Board dictates.
2. Verification: Confirm that the individuals listed as Authorized Signatories are currently appointed officers or directors in the corporate registry.
3. Formal Adoption: This resolution must be formally adopted during a validly convened Board meeting. Ensure the meeting is recorded in the Minute Book.
4. Execution:
   • The Company Secretary or a Director must sign the "Certified True Copy" block.
   • Affix the Official Company Seal (if applicable) over the signature of the Secretary/Director.
5. Digital/Hard Copy Filing:
   • If submitting via DocuSign/Adobe Sign, ensure the "Certificate of Completion" is attached to the final PDF.
   • Provide a certified hard copy (with original ink signatures or digital verification codes) to the PNB branch manager.
6. Record Retention: Archive a signed original in the Corporate Minute Book and provide a copy to the Treasury or Finance Department for their audit files.