Board Resolution For Appointment of Manager

     

Board Resolution For Appointment of Manager

RESOLVED THAT in accordance with Sections 164, 196, 197 and 203 read with Schedule V and other applicable provisions of the Companies Act, 2013 and Schedule V to the Act and subject to approval by a resolution of the shareholders in general meeting, Shri ..................................... be and is hereby appointed as manager of the  company for a  period  of  five years  commencing from  .................................... and ending  on ................... on the terms and conditions contained in the agreement, draft whereof was laid on the table of the meeting, approved by the meeting and initialled by the chairman of the meeting as a mark of identification, to be executed by and between the company and Shri ................................. on the day the manager assumes charge of the office.

FURTHER RESOLVED THAT Shri ................................., director of the company, be and is hereby authorised to sign and execute, on behalf of the company, the agreement of appointment of Shri ................................. as manager of the company, which shall be executed under the common seal of the company to be affixed in the presence of Shri ................................., director and Shri ................................., secretary of the company, who shall also sign the same in token thereof.

FURTHER RESOLVED THAT for the purpose of giving effect to this resolution, Shri ………………….. of the Company be and is hereby authorised, on behalf of the Company, to do all acts, deeds, matters and things as deem necessary, proper or desirable and to sign and execute all necessary documents, applications and returns for the purpose of giving effect to the aforesaid resolution along with filing of necessary E-form with the Registrar of Companies.

Related Post :

Draft Ordinary Resolution for appointment of Manager

Procedure to appoint Key Managerial Personnel (KMP)

Key Provisions Relating to Managerial Remuneration

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