Board resolution for bank KYC updation
A board resolution for bank KYC updation authorises a named person to submit the company’s periodic re-KYC documents to the bank, including updated constitutional documents, beneficial-ownership declarations and specimen signatures. Banks ask for it when a company account comes up for periodic KYC review.
Last updated: 27 August 2026
Doing this for a client?
OnCompliance drafts this resolution on the company’s letterhead, details filled from the client’s record, records it in the minutes, and files it in the client’s folder — with the notice, minutes and 21 other board documents made the same way.
Fill it in, edit it, download it
The details you type fill the document as you go. Click into the paper to edit any wording, then download it in Word or as a PDF.
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF [COMPANY NAME] (CIN: [CIN]) HELD ON [MEETING DATE] AT [VENUE]
RESOLVED THAT [AUTHORISED PERSON (NAME)], [AUTHORISED PERSON (DESIGNATION)] of the company, be and is hereby authorised to sign and submit to [BANK], [BRANCH], all documents, declarations and forms required for the periodic KYC updation of the company’s accounts, including beneficial-ownership declarations and specimen signatures, and to furnish such clarifications as the bank may require.
Certified true copy
For [COMPANY NAME]
[NAME]
[DESIGNATION] · DIN: [DIN]
Date: ______________ · Place: ______________
When is this resolution passed?
Pass it when the bank issues a re-KYC notice; the certified copy accompanies the KYC documents.
Common questions
Why does a company need a board resolution for KYC updation?
The re-KYC declarations bind the company, so the bank needs proof that the person signing them is authorised by the board.
Which documents usually accompany company re-KYC?
Typically the certificate of incorporation, MOA/AOA, latest list of directors, beneficial-ownership declaration and the specimen signatures of authorised signatories. The bank’s notice lists the exact set.
Does KYC updation change the authorised signatories?
No. It refreshes the bank’s records. Changing signatories needs its own resolution naming the new operating authority.
Can OnCompliance draft this for me?
Yes. OnCompliance drafts the resolution on the company’s letterhead with the details filled from the client’s record, records it in the minutes, and files it in the client’s folder, alongside the notice of the meeting and every other board document.