Print the resolution on official corporate stationary showing the Registered Office Address and Corporate Identification Number (CIN).
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF [COMPANY NAME] HELD ON [DATE] AT [TIME] AT THE REGISTERED OFFICE OF THE COMPANY. Board Resolution To Activate Dormant Bank Account
Any one of the above authorized signatories along with the Company Secretary / any Director be and is hereby authorized to update KYC documents, provide latest Board resolution, specimen signatures, and any other document as required by the Bank. In a post-COVID world, many boards pass resolutions
In a post-COVID world, many boards pass resolutions via video conference or circular resolution. Verify local corporate law: Some jurisdictions require at least one in-person meeting per year, or specific language in the resolution stating: "Passed via circular resolution with unanimous consent of all directors." Consider adding a clause: "A certified list of
Your resolution must explicitly state who the current signatories are. If a signatory named in the resolution has resigned, the bank faces liability. Consider adding a clause: "A certified list of signatories attached as Annexure A forms part of this resolution."
In the dynamic lifecycle of a business, financial fluctuations are inevitable. Periods of low activity, suspended projects, or administrative oversights can lead to corporate bank accounts becoming classified as "dormant" or "inactive." While this status serves as a security measure implemented by banks to prevent fraud, it can create significant operational bottlenecks when a company suddenly needs access to those funds.