Board Resolution Drafting
Companies record key decisions through board resolutions — opening a bank account, authorising signatories, approving investments, appointing auditors and more. We draft correct, compliant board resolutions for your decisions.
Starts at
Custom
Professional fees, government fees, late fees, penalties, payroll size, transaction volume, number of employees, entity type, filings and compliance complexity may vary.
Timeline
Often same day to a few days
Documents
Decision & company details
Correct board resolutions
For banks, ROC, decisions
Compliant format
Expert-reviewed
Pricing
Board resolution drafting
Per resolution or as a bundle. Often part of broader company compliance. We quote by the resolution(s) you need.
Single Resolution
One decision
Per resolution
- Correct resolution format
- Decision-specific drafting
- Compliance check
- Quick turnaround
Resolution Pack
Multiple/ongoing
Bundle
- Set of resolutions
- Minutes support
- Aligned with ROC filings
- Dedicated reviewer
Prices are professional fees and indicative. Government fees, stamp duty, DSC, PAN/TAN, state charges and third-party costs are extra and may change. A final engagement summary separates each component before payment.
Overview
What is Board Resolution Drafting?
A board resolution is the formal record of a decision taken by a company's board of directors. Companies need them constantly: to open or operate a bank account, authorise signatories, borrow or invest, allot shares, appoint or change auditors and directors, approve financials, change the registered office, and more. Banks, the ROC and other parties routinely ask for the relevant resolution as proof the decision was properly authorised.
A resolution must be correctly worded, properly passed (at a board meeting or by circulation as allowed), and consistent with the Companies Act and the company's articles — and often needs to align with a corresponding ROC filing. A loosely drafted or wrongly passed resolution can be rejected or create compliance gaps.
We draft correct, compliant board resolutions for your specific decisions, ready for the bank, the ROC or whoever needs them, reviewed by professionals.
Is it for you?
Who needs it — and who doesn't
Recommended if
- Private and public limited companies
- Companies opening/operating bank accounts
- Boards authorising signatories, loans or investments
- Companies making decisions that need ROC filing
May not be needed if
- Proprietorships and partnerships (no board)
- LLPs (decisions via the LLP agreement, not board resolutions)
Benefits
Why it's worth doing right
Accepted by banks & ROC
Correctly worded, properly passed resolutions are accepted by banks, the ROC and other parties.
Compliant & consistent
We keep resolutions consistent with the Companies Act, your articles and any related ROC filing.
Fast when you need it
Banks often need a resolution quickly — we turn correct drafts around fast.
Eligibility
Eligibility & key conditions
- You're a company with a board
- You have a decision to record
- You can share company and decision details
Documents
Documents required
What we need
- The decision to be recorded
- Company incorporation details and articles
- Director/board details
- Any related filing/bank requirement
- Meeting/circulation details
Process
A clear path from start to filed
Costs
Fees & cost breakdown
| Cost component | Indicative amount |
|---|---|
| Professional feePer resolution or bundle | Custom |
| Related ROC filingWhere the decision needs an MCA filing | Separate |
Deliverables
What you receive on completion
After this filing
What you need to stay compliant next
File where needed
Some resolutions trigger an ROC filing (e.g. MGT-14) — we coordinate it via our MCA services.
Maintain records
We keep resolutions and minutes in your vault and statutory registers in order.
Avoid delays
Common mistakes & reasons for rejection
Common mistakes
- Loosely worded or generic resolutions
- Not passing it properly (meeting/circulation)
- Resolution inconsistent with the Act/articles
- Missing the related ROC filing
AI-powered assistance
AI does the heavy lifting. Experts make the call.
AI assists with checks, drafting and explanations only. A qualified professional reviews every defined checkpoint and the final filing before submission. AI does not make consequential compliance decisions on its own.
Get board resolutions done right
We draft correct, compliant resolutions for your decisions — bank-, ROC- and board-ready, fast.
Compare
Board Resolution Drafting vs Legal Documents
| Factor | Board Resolution Drafting | Legal Documents |
|---|---|---|
| Scope | Board resolutions specifically | All everyday business documents |
| For | Company board decisions | Contracts, policies, NDAs |
| Often needs | An aligned ROC filing | Stamping where applicable |
Use cases
Built for how real businesses operate
New company
Need: Open a bank account
We suggest: Bank-account and signatory resolution.
Company raising funds
Need: Authorise allotment
We suggest: Share-allotment resolution aligned to ROC filing.
Why MyFinancialAdvisory
A more accountable way to stay compliant
Quality & accountability
Reviewed by compliance experts
Every board resolution drafting engagement is prepared with structured checks and signed off by qualified professionals before anything is filed — speed without sacrificing accuracy.
Reviewed by
Reviewed by MyFinancialAdvisory Compliance Team
Accounting, payroll & compliance review
Your books, payroll and filings are prepared with AI-assisted checks and reviewed by qualified accountants and compliance professionals before anything is filed. Business compliance, powered by AI — verified where possible, reviewed by experts, tracked by you.
Structured document checks
Documents and eligibility follow structured checks before expert review.
Expert-reviewed before filing
A qualified professional signs off every defined checkpoint.
Compliance-safe guidance
Advice mapped to current rules — no shortcuts, no guesswork.
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Hub
Accounting & Compliance
Bookkeeping, payroll, virtual CFO and recurring compliance.
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Legal Documents
Standard business and legal document drafting.
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Shareholder Agreement
Shareholder agreements that protect founders.
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Company Compliance
Annual ROC compliance for companies.
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ROC Annual Filing
AOC-4 and MGT-7 annual filings.
FAQs
Board Resolution Drafting — frequently asked questions
What is a board resolution?
The formal record of a decision taken by a company's board of directors — for opening bank accounts, authorising signatories, borrowing, investing, allotting shares, appointing auditors, and more.
When does a company need board resolutions?
Frequently — banks, the ROC and other parties ask for the relevant resolution as proof a decision was properly authorised. Many corporate actions require one.
Do resolutions need to be filed with the ROC?
Some do (e.g. certain resolutions in Form MGT-14). We draft the resolution and coordinate any related ROC filing via our MCA services.
Can you draft a resolution to open a bank account?
Yes — a board resolution authorising the account and signatories is a very common request, and we turn it around quickly.
How are board resolutions priced?
Per resolution or as a pack, by complexity. Any related ROC filing is separate. We quote by what you need.
Does it need to be passed at a meeting?
Resolutions are passed at a board meeting or, where permitted, by circulation. We ensure it's done correctly and consistent with your articles.
Do LLPs and proprietorships use board resolutions?
No — those don't have a board. LLP decisions follow the LLP agreement; proprietorships have no board. Board resolutions are for companies.
Ready to get board resolution drafting done?
Start with a quick conversation. We’ll confirm scope, documents, fees and the next deadline.