Resolved That pursuant to the provisions of Section 188 read with Rule 15 of the Companies (Meeting of Board and its Powers) Rules 2014 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), <subject to the approval of members of the Company[enter this portion only if applicable as per Proviso to Section 188(1)]> the consent of the Board of Directors of the Company be and is hereby accorded for entering into a contract/agreement with ______ [Name of related party/firm or Company along with its type and nature of relation For e.g. M/s xyz owned by Mr. X the father of Mr. Y, the Director of the Company], the copy of which is laid before the meeting and initialled by the chairman for the purpose of identification and details for which are mentioned in the agenda enclosed with Notice of the meeting.
Resolved Further That pursuant to the provisions of section 189 read with Rule 16 of the Companies (Meeting of Board and its Powers) Rules 2014 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), Mr./ Ms. ______ [Name and Designation of the authorized person]of the Company be and is hereby authorized to do the necessary entries in the Register of contracts or arrangements in which directors are interested and authenticate them and to do all such acts, deeds, matters and things as may be necessary for the purpose of giving effect to the resolution.
For and on behalf of ___________ (Company Name) ___________
___________________ (Name of Company Secretary, if any / Director)
___________________ (Designation)
_____________________ (DIN / Membership No. as the case may be)
_____________________ (Address of the Director)
