APPOINTMENT
OF DIRECTORS RELATIVES [SECTION
314(1B)] [CD1]
"RESOLVED
THAT subject to the approval of the Central Government pursuant to provisions
of section 314(1B) of the Companies Act,
1956, the authority be and is hereby accorded to the Board of Directors to
appoint Mr._______________ as _____________ holding office of profit under the
company, he being a relative of the Whole-time Director,
Mr.___________________, of the Company,
for a period of ____ years with effect from ________________, 200__, pursuant
to the terms and conditions including relating to the remuneration as contained
in an agreement between the company of the one part and the said Mr.
________________
of the other part, a copy whereof initialed by the Chairman was placed before
this meeting.
RESOLVED FURTHER THAT Mr.
_________________, Director of the Company be and is hereby authorized to all
acts, deeds and
things
as he may deem necessary in this regard.
RESOLVED FURTHER THAT a
draft of the resolution together with the explanatory statement, a draft of
which is tabled before the meeting be included in the notice to be issued for
convening of Extra Ordinary General Meeting."
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