RESOLUTION

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2010 Hello Everyone

Can anybody please help me in providing the resolution for the foreign remittance by our Indian Company, done to invest in wholly owned subsidiary abroad.

i.e. We have made foreign direct investment abroad and took one wholly owned subsidiary abroa and therefore remitted money in foreign currency and hence want to make a resolution.

So please i request to provide me with the same at the earliest.

Thanks & Regards

Ankur Garg

Ankur Garg (Expert)
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15 November 2010 Hi,

I don't have the exact resolution. However i'll try and find it out for you. Moreover check the following links:

SAMPLE BOARD RESOLUTIONS:

For some more sample board resolutions kindly visit the link below:

1. https://www.caclubindia.com/forum/download-corporate-law-professional-files-70021.asp

2. https://www.caclubindia.com/articles/ca-articleship-some-useful-corporate-board-resolutions-ii-5874.asp

3. https://www.caclubindia.com/articles/ca-articleship-some-useful-corporate-board-resolutions-i-3911.asp

Ajay Mishra

Ajay Mishra (Expert)
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15 November 2010 Hi

You can also go to the following link for different resolutions:

http://ourprofessionalteam.com/index.php?option=com_oscontent&view=section&id=31&Itemid=63

Querist : Anonymous

Querist : Anonymous (Querist)

16 November 2010 Dear Sirs

I am unable to see your replies.

Please let me know how to open the link.

Thanks

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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21 July 2025 Certainly! Here’s a Board Resolution format for approving foreign remittance for investment in a wholly owned subsidiary abroad:

BOARD RESOLUTION FOR FOREIGN REMITTANCE
Date: _______________
Venue: _______________

“RESOLVED THAT pursuant to the provisions of the Companies Act, 2013 and Foreign Exchange Management Act (FEMA), 1999 and rules/regulations made thereunder and other applicable laws, approval of the Board of Directors of the Company be and is hereby accorded for making foreign remittance of USD __________ (or equivalent amount in INR) to the wholly owned subsidiary company, [Name of Subsidiary], incorporated in [Country], towards investment in equity shares/share capital of the said subsidiary company as part of Foreign Direct Investment (FDI) by the Company.

FURTHER RESOLVED THAT Mr./Ms. [Name], [Designation] of the Company be and is hereby authorized to sign, execute and submit all necessary documents, forms, declarations, undertakings, and applications as may be required under the applicable laws and regulations with the Reserve Bank of India (RBI), Authorized Dealer Banks, Registrar of Companies or any other authority to give effect to this resolution.

FURTHER RESOLVED THAT Mr./Ms. [Name], [Designation] of the Company be and is hereby authorized to do all such acts, deeds and things as may be necessary or incidental to give effect to the above resolution.”

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