Draft Board Resolution to Take Note of Declaration of Independence

Board-Resolution-Take-Note-Declaration-Independence

Draft Board Resolution to Take Note of Declaration of Independence


As per the provisions of section 149(7) of Companies Act, 2013 every independent director shall at the first meeting of the Board in which he participates as a director and thereafter in every financial year or whenever there is any change in the circumstances which may affect his status as an independent director, give a declaration that he meets the criteria of independence as provided in Section 149(6).

Accordingly the declaration of independence received from Independent Director is being placed before the board at Annexure – A for taking note.

Hence if approved following resolution may be passed:-

"RESOLVED THAT pursuant to the provisions of Section 149 (7) of the Companies Act 2013, declaration of independence received from Independent Director of _______ as placed before the Board at Annexure - A, be and is hereby taken on record.

FURTHER RESOLVED THAT _________ be and is hereby authorized to take all necessary actions to implement the above board decision".
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