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resolution for investment

Sweta Jalan (Company Secretary) (177 Points)

26 June 2009

Anyone kindly provide me the format of board resolution for investments in IPO and mutual funds

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Vaibhav Shukla (Company Secretary) (142 Points)
Replied 30 June 2009

Following is the required resolution

“RESOLVED THAT pursuant to the provisions of section 292(1)(d) & (3) and 372A of the Companies Act, 1956 the consent of the Company be and is hereby accorded to invest funds of the Company in any investment, units of Mutual funds and other Shares, Securities, including IPO’s of any public Company at any one time or from time to time during the financial year ................”

“RESOLVED FURTHER THAT Shri ................., Director (s)of the company either jointly or singly be and is hereby authorized to sign the necessary documents and to do all such other things, acts and deeds as may be expedient in this regard.”