Board Resolutions for Approval of Annual Financial Statements & Draft Board's Report
srinivas jakkani
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF XXXXXXXXXXXX LIMITED (THE “COMPANY”), A COMPANY REGISTERED UNDER THE COMPANIES ACT, 1956, HELD ON XXXX (DAY), THE XXXX(DATE) XXXX(MONTH), 2014 AT XXXX(TIME) AT THE REGISTERED OFFICE OF THE COMPANY SITUATED AT XXXXXXXXXXXXXX(ADDRESS).
1. To consider and take on record balance sheet, profit & loss account and cash flow statement of the company for the financial year ended 31st March, 2014 as recommended by the Audit Committee
The Financial Statements of the Company for the year Financial Year ended March 31, 2014 as reviewed and recommended by the Audit Committee were placed before the Meeting for the approval of the Board of Directors.
At the request of the Chairman, Mr. XXXXXXXX, Director of the Company made a detailed presentation to the Board on the financial statements for the year ended March 31, 2014.
The Board after due consideration, passed the following resolution:
“RESOLVED THAT the Balance Sheet as at March 31, 2014, Statement of Profit & Loss Account for the year ended March 31, 2014 and, the Cash Flow Statement for the year ended March 31, 2014 and the Notes to accounts, as reviewed and recommended by the Audit Committee be and are hereby considered, approved and taken on record by the Board of Directors.”
“RESOLVED FURTHER THAT the Balance Sheet as at March 31, 2014, Statement of Profit & Loss Account for the year ended March 31, 2014 and the Cash Flow Statement for the year ended March 31, 2014 and the Notes to accounts be and are hereby authorized to be signed, for and on behalf of the Board, by Mr. XXXXXXXXXX, Director and Mr. XXXXXXXXXX, Director to take such other necessary steps as per the Companies Act, 2013.”
2. To consider and approve the Board Report for the Financial Year ended March 31, 2014
The Draft Directors’ Report of the Company, for the Financial Year ended March 31, 2014, was placed before the meeting. The Board after due deliberation approved the Directors’ Report by passing the following resolution:
“RESOLVED THAT the draft Directors Report of the Company, for the Financial Year ended March 31, 2014, as placed before the meeting, be and are hereby considered, approved and taken on record by the Board of Directors.”
“RESOLVED FURTHER THAT Mr. XXXXXXXXXX, Director and Mr. XXXXXXXX, Director of the Company be and is hereby authorized to sign the Directors’ Report, on behalf of the Board of Directors.”
“RESOLVED FURTHER THAT the Mr. XXXXXXXX, Director be and are hereby authorized to file the Form No MGT-14, with the Register of Companies, (Jurisdiction of ROC) and to do such works and deeds as may be required to give effect to the above resolution.”
Srinivas Jakkani M.Com, MBA, CS(Professional)
Hyderabad - 500 033
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