Saturday, January 12, 2013

Board resolutoin investment by Private company

Board Resolution - [To make investment by Private Company]


TYPE OF MEETING BOARD MEETING

TYPE OF RESOLUTION SIMPLE MAJORITY

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF (NAME OF THE COMPANY) HELD AT THE REGISTERED OFFICE OF THE COMPANY AT (ADDRESS) ON (DATE) AT (TIME)

________________________________________

“RESOLVED THAT pursuant to the provisions of Section 292 (1)(d) and other applicable provisions, if any, of the Companies Act, 1956 or subject to such modification and re-enactment thereof, consent of the Board of directors of the Company be and is hereby accorded for making investment not exceeding to Rs._____________ (Amount in words) to the following body corporate(s)/trust/ firm etc. in one or more tranches, and on such other terms and conditions as may be mutually agreed between the both parties :

Name of the Body corporate/trust/firm Amount of investment



"FURTHER RESOLVED THAT (Name of the person(s) authorized) be and are hereby severally authorized to do all such acts ,deeds and things as may be required to give effect to this resolution.”





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