Draft Board Resolution for Amalgamation of Companies

Board-Resolution-Amalgamation-Companies

Draft Board Resolution for Amalgamation of Companies


"RESOLVED THAT pursuant to the provisions of section 230 and subject to the approval of the members/creditors and approval by the Hon'ble Tribunal, Bench at ….., the Scheme of Amalgamation in terms of the draft produced at the meeting duly initialled by the Chairman for the purpose of identification, be and is hereby approved for amalgamation of the company with XYZ Limited with effect from 1st April, 20__ being the ‘Appointed Date’."

"RESOLVED FURTHER THAT Mr._____ and Mr. ______, Director of the company be and are hereby severally authorized to sign any application, affidavit, petition or any other document as may be required to be signed in connection with the approval of the Scheme. They are further authorized to do all such things, deeds and acts as may be deemed necessary and expedient in connection with the approval of the Scheme, for and on behalf of the company."
"RESOLVED FURTHER THAT Mr.____ and Mr. ___, Directors of the company be and are hereby authorised to appoint and engage any advocate or firm of advocates and solicitors to represent the company for approval of the Scheme."
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