When an account becomes dormant, the business loses the ability to perform digital transactions, issue cheques, or withdraw funds. The account is essentially "frozen" until the authorized signatories prove their identity and intent to operate the account again.
the [Savings/Current] Account No. [ACCOUNT NUMBER] maintained with [BANK NAME, BRANCH NAME], which has become dormant/inoperative, be and is hereby reactivated. RESOLVED FURTHER THAT Board Resolution To Activate Dormant Bank Account
Sec Cert (Activation of Dormant and Closing of Account) | PDF - Scribd When an account becomes dormant, the business loses
This is the legal preamble. It explains why the resolution is being passed. [ACCOUNT NUMBER] maintained with [BANK NAME, BRANCH NAME],
Valid Tax Identification Number (TIN), VAT/GST Registration Certificate.
Before diving into the legal documentation, it is essential to understand what constitutes a dormant account and why banks enforce this status.
Use the following template as a baseline. with your company’s specific details and legal jurisdiction requirements.