Format of board resolution

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 August 2018 Dear Sir

please provide me the format draft of Board resolution for approving working capital projection report.

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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25 July 2024 Certainly! Below is a draft format for a Board Resolution approving a Working Capital Projection Report. Please note that this is a general template and should be customized to fit the specific requirements and circumstances of your organization. It's advisable to seek legal counsel or professional advice to ensure compliance with applicable laws and regulations.

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**BOARD RESOLUTION**

**[Date]**

**Resolution No.: [Insert Resolution Number]**

**Subject: Approval of Working Capital Projection Report**

**WHEREAS**, it has been represented to the Board of Directors that a Working Capital Projection Report has been prepared by the management of the company, outlining the projected working capital requirements for the [financial year/period] ending [date].

**WHEREAS**, the Board of Directors has reviewed and considered the Working Capital Projection Report, its assumptions, methodology, and financial implications.

**WHEREAS**, the Board has considered the financial position of the company, its operational requirements, and the necessity of adequate working capital to sustain operations and achieve business objectives.

**NOW, THEREFORE, BE IT RESOLVED THAT:**

1. The Board of Directors hereby approves the Working Capital Projection Report as presented to the Board.

2. The Board authorizes [Name of Authorized Person/Management] to take all necessary actions to implement the recommendations and projections outlined in the Working Capital Projection Report.

3. The Board authorizes the [Title of Authorized Person/Management] to make necessary adjustments to the working capital plan as may be required based on changing business conditions and operational needs.

4. The [Title of Authorized Person/Management] is further authorized to incur expenses and enter into agreements necessary to fulfill the working capital requirements as per the approved projections.

5. The [Title of Authorized Person/Management] shall keep the Board informed of any material deviations from the approved Working Capital Projection Report and seek further guidance from the Board as necessary.

**RESOLVED FURTHER THAT**, a certified copy of this resolution be filed with the company records and that the [Name of Authorized Person/Management] be authorized to execute any documents or take any actions necessary to give effect to this resolution.

**CERTIFICATION**

I hereby certify that the above resolution was duly passed at the meeting of the Board of Directors held on [Date of Board Meeting].

_________________________
[Signature of Secretary/Director]
[Name of Secretary/Director]
[Designation]

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This draft resolution should be adapted to reflect the specific wording and legal requirements applicable to your jurisdiction and company. Always ensure that resolutions are drafted, reviewed, and approved in compliance with the company's Articles of Association and relevant laws.

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