Draft Board Resolution for Recommendation for Regularisation of Additional Director

Board-Resolution-for-Recommendation-for-Regularization-of-Additional-Director


As per the provisions of Section 160(1) of the Companies Act, 2013  a person who is not a retiring director in terms of section 152 shall, subject to the provisions of this Act, be eligible for appointment to the office of a director at any general meeting, if he, or some member intending to propose him as a director, has, not less than fourteen days before the meeting, left at the registered office of the company, a notice in writing under his hand signifying his candidature as a director or, as the case may be, the intention of such member to propose him as a candidate for that office, along with the deposit of one lakh rupees.

Draft Board Resolution for Recommendation for Regularisation of Additional Director

RESOLVED THAT pursuant to the provisions of section 160 of the Companies Act, 2013 (as amended or re-enacted from time to time) read with the Companies (Appointment and Qualification of Directors ) Rules 2014, the Board be and hereby proposes the name of  Mr./Ms. ………………. [Name of the person whose appointment is proposed] who was appointed as an Additional Director in the meeting of the Board of Directors held on …………… [Date of Board Meeting] whose term expires at the ensuing Annual General Meeting of the company , for appointment as Director liable to retirement by rotation, in the forthcoming annual general meeting of the company.

RESOLVED FURTHER THAT  pursuant to section 152  & 165 of the Act  (as amended or re-enacted from time to time) read with the Companies (Appointment and Qualifications of Directors) Rules 2014, the  consent for appointment as director of the Company given in form no DIR-2 along with declaration  that post appointment his number of director will be within the maximum number allowed under the Act, duly laid before the meeting and initialed by the chairman for purpose of identification, be and is hereby take note off. 
"FURTHER RESOLVED THAT for the purpose of giving effect to this resolution, Shri ………………….. of the Company be and is hereby authorised, on behalf of the Company, to do all acts, deeds, matters and things as deem necessary, proper or desirable and to sign and execute all necessary documents, applications and returns for the purpose of giving effect to the aforesaid resolution along with filing of necessary E-form with the Registrar of Companies.”
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