Draft Board Resolution for General authorization to Managing Director

     

Draft Board Resolution for General authorization to Managing Director

RESOLVED THAT pursuant to the provisions of section 179 and other applicable provisions, if any, of the Companies Act, 2013 Act) read with Companies (Meeting of Board and its powers) Rules, 2014 and other applicable rules under the Companies Act 2013 (including any statutory modification(s) or re-enactment thereof for the time being in force), the consent of the Board be and is hereby accorded to authorize Mr. /Ms. _______ (name of the person) the Managing Director of the company to sign and to execute all agreements, undertakings, applications, returns, papers, receipts, all documents relating to_________ and all other document(s) including agreements ___________ which require authentication in name and on behalf of the company and to do all or any of the acts, deeds, matters and things as may be considered expedient and necessary on behalf of the Company. 

RESOLVED FURTHER THAT Mr. /Ms. ___________ [name of the person] Managing Director be and is hereby authorized to appear and act on behalf of and represent the Company in all matters before Central Government, State Government and similar other authorities, public bodies, public officers, local self –governing bodies, and all Government Officers and Officers of all Municipalities and other civic bodies and to sign and execute all applications, returns, objections, documents, agreements and papers that may be required for and on behalf of the Company in or in relation to any matter in which it is interested or may be concerned in any way and to incur such expenditure for the conduct of the business of the Company such as payment of salary to staff, rents for the building, electricity and water charges, the cost for hiring external consultants, etc. and such other expenditure as he may deem necessary and proper. 

RESOLVED FURTHER THAT Mr. /Ms. ______[name of the person], Managing Director be and is hereby authorized to sub-delegate all or any powers hereby conferred to other Officers/Officers of the Company, external consultants, professionals, lawyers, etc. as he may think fit and proper in the interest of the Company.

Related Post :

Draft Agreement For The Appointment of Managing Director

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