Board resolution for investment in Joint venture or wholly owned subsidiary

[Shweta]

Please provide me the same

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Thanks & regards
Shweta Agrawal
Company Secretary

[Sridevi B.N]

“RESOLVED THAT pursuant to the provisions of Sections 292 and other applicable provisions, if any, of the Companies Act 1956 and in terms of delegation given by the Board to the Management Committee of the Board of Directors of ....................... Limited (‘the Company’), approval be and is hereby accorded to invest an amount not exceeding Rs. 350 crores in the form of equity or preference  or other securities of ................Limited, subsidiary of the Company.

 

RESOLVED FURTHER THAT Mr. ..........., Executive Chairman, Mr. ..............., Managing Director, Mr. ...................., Mr. ..................and Mr. .................., Directors, Mr. .................., CFO, Mr. ..............and Mr. ........................., Authorised Signatories and Mr. ..................., Company Secretary be and are hereby severally authorized to do all such acts, deeds and things as may be required for the investments in the form of equity or preference or other securities of .......................Limited, including signing, sealing of all applications, documents, papers, undertakings, forms, agreements and submitting thereof, on behalf of the Company.”

 

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Sridevi.B.N
Company Secretary
GMR Group

[Sridevi B.N]

“RESOLVED THAT pursuant to the provisions of Sections 292 and other applicable provisions, if any, of the Companies Act 1956, approval of the Board be and is hereby accorded to invest an amount not exceeding Rs. 350 crores in the form of equity or preference or other securities of ................Limited, subsidiary of the Company.

RESOLVED FURTHER THAT Mr. ..........., Executive Chairman, Mr. ..............., Managing Director, Mr. ...................., Mr. ..................and Mr. .................., Directors, Mr. .................., CFO, Mr. ..............and Mr. ........................., Authorised Signatories and Mr. ..................., Company Secretary be and are hereby severally authorized to do all such acts, deeds and things as may be required for the investments in the form of equity or preference or other securities of .......................Limited, including signing, sealing of all applications, documents, papers, undertakings, forms, agreements and submitting thereof, on behalf of the Company.”