Draft Board Resolution for Appointment of Independent Director

Draft Board Resolution for appointment of Independent Director

Draft Board Resolution for Appointment of Independent Director



As per the provisions of Section 149 (4) of Companies Act 2013 read with rule 4 of Companies (Appointment of directors and their Qualification) Rules 2014, every listed public company, public companies having paid-up share capital of Rs.10.00 crore or more, public companies having turnover of Rs.100.00 crore or more, or public companies which have in aggregate outstanding loans, debentures and deposits exceeding Rs.50.00crores or more to have Independent directors.

As the paid up share capital of our company is more than Rs.10.00 crores (or as the condition applicable for a given company), it is required to have at least two Independent Directors on the board.

(Give the brief profile of appointee Independent Director here)

Hence if approved following resolution may be passed:-

RESOLVED THAT pursuant to the provisions of Section 149 (4) of Companies Act 2013 read with rule 4 of Companies (Appointment of directors and their Qualification) Rules 2014, approval of the board be and is hereby granted to take all the necessary action for the appointment of Shri ____________ as an Independent Director of the company.
FURTHER RESOLVED THAT ___________ of the Company be & is hereby authorized to do all necessary acts & deeds as may be required for giving effect to the above resolution.
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