BOARD RESOLUTION FOR INVESTMENT ABROAD
This query is : Resolved
02 May 2011
HI
MY COMPANY IS MAKING INVESTMENT IN A COMPANY ABROAD . CAN ANYBODY PROVIDE ME WITH A BOARD RESOLUTION FORMAT FOR AUTHORISING SUCH AN INVESTMENT BY BOARD?
MY COMPANY IS MAKING INVESTMENT IN A COMPANY ABROAD . CAN ANYBODY PROVIDE ME WITH A BOARD RESOLUTION FORMAT FOR AUTHORISING SUCH AN INVESTMENT BY BOARD?
02 May 2011
AUTHORITY TO INVEST
"RESOLVED THAT pursuant to the provisions of Sec. 292(1)(d) of the Companies Act 1956, Sh. ____________, Director of the Company be and is hereby authorised to invest the funds of the Company for subscription, purchase or otherwise acquire shares, stocks, debentures (fully convertible \partly convertible \non-convertible), bonds, securities, etc. of any body corporate or company or mutual funds in India or abroad as they may think fit to the extent and except in accordance with the restrictions and conditions specified in Sec. 372A of the Companies Act, 1956 and that the aggregate of the investment so made shall not exceed Rs. _________Lacs. at any time.
RESOLVED FURTHER THAT Sh. ____________, be also hereby authorised to hold, sell, exchange, underwrite, or otherwise dispose off and deal with the same from time to time as may be expedient.
RESOLVED FURTHER THAT Sh. ____________, be authorised to execute Application form/Share transfer deeds and other related documents for and on behalf of the Company until otherwise decided by the Board of Directors of the Company.
RESOLVED FURTHER THAT the consent of the Board of Directors of the company be and is hereby accorded for making application for not exceeding ____ shares aggregating Rs. ___________(Rupees ____________ only) in the public issue of _______________ Ltd.
RESOLVED FURTHER THAT Sh. ____________, Director of the Company be and is hereby authorised to prepare the application and to sign it as authorised signatory.
RESOLVED FURTHER THAT Sh. ____________,, Director of the Company be and is hereby authorised to sell, transfer or otherwise dispose off all the shares so allotted to the interest of the Company."
**Make changes as per requirement.
"RESOLVED THAT pursuant to the provisions of Sec. 292(1)(d) of the Companies Act 1956, Sh. ____________, Director of the Company be and is hereby authorised to invest the funds of the Company for subscription, purchase or otherwise acquire shares, stocks, debentures (fully convertible \partly convertible \non-convertible), bonds, securities, etc. of any body corporate or company or mutual funds in India or abroad as they may think fit to the extent and except in accordance with the restrictions and conditions specified in Sec. 372A of the Companies Act, 1956 and that the aggregate of the investment so made shall not exceed Rs. _________Lacs. at any time.
RESOLVED FURTHER THAT Sh. ____________, be also hereby authorised to hold, sell, exchange, underwrite, or otherwise dispose off and deal with the same from time to time as may be expedient.
RESOLVED FURTHER THAT Sh. ____________, be authorised to execute Application form/Share transfer deeds and other related documents for and on behalf of the Company until otherwise decided by the Board of Directors of the Company.
RESOLVED FURTHER THAT the consent of the Board of Directors of the company be and is hereby accorded for making application for not exceeding ____ shares aggregating Rs. ___________(Rupees ____________ only) in the public issue of _______________ Ltd.
RESOLVED FURTHER THAT Sh. ____________, Director of the Company be and is hereby authorised to prepare the application and to sign it as authorised signatory.
RESOLVED FURTHER THAT Sh. ____________,, Director of the Company be and is hereby authorised to sell, transfer or otherwise dispose off all the shares so allotted to the interest of the Company."
**Make changes as per requirement.
Message likes :
2 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- Form 10BD Filling
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
