As per the provisions of Section 179(3)
the Board of Directors of a company can invest the funds on behalf of the company
only by means of resolutions passed at meetings of the Board.
Board Resolution for Investment of Funds
“RESOLVED THAT pursuant to the provisions of Section
186 read with section 179(3) and other applicable provisions, if any, of the
Companies Act, 2013 (including any statutory modification or re-enactment
thereof), Shri ____, of the company be and is hereby authorized to take
decision for investing the funds of the company aggregating to Rs. ________ in
fixed/term deposits with banks, bodies corporate/in shares, debentures of
companies, government/other securities or in any other manner in one or
more tranches and on such other terms and conditions in the interest of the
company.
RESOLVED FURTHER THAT Shri _____, be and is hereby authorized
from time to time to take all decisions and steps in respect of the above
investment/disinvestment including the timing, amount and other terms and
conditions of such investment/disinvestment as may deem appropriate, and to do
and perform all such acts, deeds, matters and things, as may be necessary or
expedient in this regard and to exercise all the rights and powers which would
vest in the company in pursuance of such investment.
RESOLVED FURTHER THAT Shri ____, be and is hereby authorized
to sign application form, forms of renunciation, transfer deeds, receipts
and all other paper and documents as may be required in the matter of
investment/disinvestment of Company's funds. ”
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