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Board Resolution

Board Resolution to Open an EEFC Account

A certified board resolution authorising the opening of an EEFC account for retention of export earnings.

CERTIFIED TRUE COPY OF THE RESOLUTION

passed at the meeting of the Board of Directors of [Company Name] held on [Date] at [Place]

RESOLVED THAT the consent of the Board be and is hereby accorded to open an Exchange Earners' Foreign Currency (EEFC) Account and a current account for export transactions with [Bank Name], [Branch] Branch, for retention and operation of the Company's foreign exchange earnings, in compliance with the RBI/FEMA guidelines.

FURTHER RESOLVED THAT [Authorised Person Name], [Designation], be and is hereby authorised to sign the account opening forms, FIRC and realisation documents, and to operate the said accounts and repatriate/convert the export proceeds on behalf of the Company.

Certified to be a true copy of the resolution duly passed by the Board of Directors.

___
[Director/Company Secretary]
DIN/Mem No: [..]

Before you use it — fill in / check

  • Company name
  • Bank/party name
  • Authorised person
  • Meeting date

How to use this template

  1. Read through and replace every [bracketed] or blank placeholder with your actual details.
  2. Delete any clause that doesn't apply and add anything specific to your situation.
  3. Click Print / Save as PDF to download, or Copy text to paste into your letterhead.
  4. Get it signed / stamped / notarised as required, and keep a copy for your records.

This is a general, editable template for convenience only — not legal advice. For anything material, have a professional review it. TaxClue isn't liable for how it's used.