Urgently need a board resolution for ots payment

“RESOLVED that the allocation of additional payment of Rs........................................ made to (name of party) as per the OTS reached between the .......... and ........................ on behalf of trifurcated companies in equal proportion as under be and is hereby approved subject to the approval of the allocation by the Board of Directors of ................................ and .................................. Ltd.-

a) .................................. Ltd. Rs.............................

b) ................................. Ltd. Rs.............................

c).................................. Ltd. Rs...................................

RESOLVED FURTHER that additional liability of Rs................................- lacs arisen out of the above settlement with ................................... be accounted for under the head “Goodwill” in the Books of A/cs of the Company.

RESOLVED FURTHER that the Managing Director of the Company be and is hereby authorized and empowered to settle any question on the issue of allocation with ....................... and .......................... Ltd. so as to give effect to this resolution.”