Board Resolution for Change in designation from Director to Whole Time Director/ Managing Director

“RESOLVED THAT pursuant to provisions of Section 196 and other applicable provisions of the Companies Act, 2013 read with rules made thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force), consent of the Board of Directors of the Company be and is hereby accorded to appoint Mr. [•], <Director/Additional Director [Designation]> of the Company having DIN [•] as Whole Time/Managing Director of the Company for a period of [•] years with effect from [•] on such terms and conditions as specified in the employment agreement;

RESOLVED FURTHER THAT Mr./ Ms. [•] [Name and Designation of the authorized person] of the Company, be and is hereby authorized to sign and file DIR-12 and other applicable forms/ documents with the Registrar of Companies, and to make necessary entries in the registers of the Company and complete all other formalities in relation to appointment of Mr. [•] on the Board of the Company.”

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