Draft Board Resolution For Approval of Financial Statements

Board-Resolution-Approval-Financial-Statements
Draft Board Resolution For Approval of Financial Statements



The Balance Sheet of the Company as on 31st March, 20__ and the Profit & Loss Account of the Company as on date were presented before the Audit committee on ___________ for their perusal and approval. The Audit committee gone through the Internal Audit Report and find that company has complied with all the applicable legal compliances and formalities. The committee approved the Balance Sheet and Profit and Loss A/c as on 31st March, 20__ and forwarded the same to Board of Directors for their approval.  

Hence if approved following resolution may be passed :

RESOLVED THAT pursuant to the provisions of section 134 of the Companies Act, 2013, the Annual Accounts (enclosed in Annexure - A) containing of Balance Sheet as on 31st March, 20__ and Profit & Loss Accounts for the financial year ended on that date along with the Annexure, be and are hereby approved.  

FURTHER RESOLVED THAT __________ and _________, be & are hereby authorised to sign the Balance Sheet for the Financial Year ended on 31st March, 20__ on behalf of the Board of Directors of the Company.  

FURTHER RESOLVED THAT approval of the Board be and is hereby granted for submitting the Annual Accounts of the company as on 31st March, 20__ to the Statutory Auditor of the company for their Audit Report thereon.   

FURTHER RESOLVED THAT ___________ be and is hereby authorized to take all necessary actions to implement the above resolution.
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