DRAFT BOARD RESOLUTION TO BE PASSED IN FIRST BOARD MEETING CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF ………………………… PRIVATE LIMITED HELD ON 28th July , 2014 1. DISCLOSURE OF INTEREST UNDER SECTION 184 “RESOLVED THAT declaration under section 184 of the Companies Act, 2013 for disclosure of interest and shareholding in Form No MBP – 1 for the financial year 2014-2015 received from all the Directors of the Company namely Sri …….Sri ….. and Sri ….. and placed before the meeting be and is hereby noted and taken on record.” 2. POWER TO BORROW “RESOLVED THAT pursuant to section 179 (3) (d) of the Companies Act, 2013 Sri ……………. Director of the Company be and is hereby authorised to borrow money from time to time, for the purpose of the business of the Company from any bank, financial institutions, Govt Agencies, Companies or from any other persons on such terms and conditions and interest as he may deem fit and proper provided however that total amount borrowed shall not exceed a sum of rupees Fifty Lacs only outstanding at any point of time.” 3. POWER TO INVEST FUNDS OF THE COMPANY “RESOLVED THAT pursuant to section 179 (3) (e) of the Companies Act, 2013, Sri …………….. Director of the Company be and is hereby authorised to invest the Funds of the Company in shares and securities of joint stock Companies, shares and securities of banks, financial institutions and public sector undertaking, units of mutual funds bonds including bonds issued by Government, RBI Bonds, deposits with Bank and Companies and such other investments subject to such terms and conditions and for such period with or without interest as he may deem fit and proper with a power to sell, very and dispose of such investments at his discretion, provided however that total amount of outstanding investments shall not exceed a sum of Rupees --------------- at any point of time. 4. POWER TO MAKE LOANS “RESOLVED THAT pursuant to section 179(3)(f) of the Companies Act, 2013 Sri …………. Director of the Company be and is hereby authorised to make loans and or to give guarantees or provide securities in respect of any loan or otherwise subject to such terms and conditions and rate of interest and for such period to such companies, firms, individuals or other persons as he may deem fit and proper from time to time, provided however that total amount of outstanding loans, guarantees given and securities provided shall not exceed a sum of rupees ---------------- at any point of time. 5) DRAFT ACCOUNTS “RESOLVED THAT Draft Balance Sheet as at 31st March, 2014 and Draft Statement of Profit and Loss for the year ended on that date alongwith Notes as placed before the meeting be and is hereby approved.” “RESOLVED FURTHER THAT Sri…………….. and Sri……………, Directors of the Company be and are hereby authorized to sign the same on behalf of the Board.” “RESOLVED FURTHER THAT after signature by the Directors as above the said Accounts be sent to the Auditors in compliance of Section 134(1) of the Companies Act, 2013 for their Report thereon.” 6) DIRECTORS’ REPORT “RESOLVED THAT Draft Directors’ Report on the Accounts for the year ended 31st March, 2014 as placed before the meeting be and is hereby approved.” “RESOLVED FURTHER THAT Sri…………….. and Sri………….., Directors of the Company be and are hereby authorized to sign the Directors’ Report on behalf of the Board.” Note: if you are required to file DPT4 , a resolution should be passed authorizing a director to file DPT4. Such approval can be in either First Board meeting or in subsequent board meeting.
Posted on: Wed, 16 Jul 2014 05:38:21 +0000
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