"RESOLVED THAT pursuant to
the provisions of Sec. 292(1)(d) of the Companies Act 1956, MR.
_________________, Director of the Company be and is hereby authorised to
invest the funds of the Company for subscription, purchase or otherwise acquire
………_________………, stocks, debentures (fully convertible \partly convertible
\non-convertible), bonds, securities, etc. of any body corporate or company or
mutual funds in India or abroad as they may think fit to the extent and except
in accordance with the restrictions and conditions specified in Sec. 372A of
the Companies Act, 1956 and that the aggregate of the investment so made MRall
not exceed Rs. _________Lacs. at any time.
RESOLVED FURTHER THAT MR.
______________________, be also hereby authorised to hold, sell, exchange,
underwrite, or otherwise dispose off and deal with the same from time to time
as may be expedient.
RESOLVED FURTHER THAT MR.
__________________, be authorised to execute Application form/MRare transfer
deeds and other related documents for and on behalf of the Company until
otherwise decided by the Board of Directors of the Company.
RESOLVED FURTHER THAT the consent
of the Board of Directors of the company be and is hereby accorded for making
application for not exceeding ____............................. aggregating Rs.
___________(Rupees ____________ only) in
the public issue of _______________ Ltd.
RESOLVED FURTHER THAT MR.
____________, Director of the Company be and is hereby authorised to prepare
the application and to sign it as authorised signatory.
RESOLVED FURTHER THAT MR.
_____________________,, Director of the Company be and is hereby authorised to
sell, transfer or otherwise dispose off all the …………………. so allotted to the
interest of the
Company."
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