Board Resolution For Authorisation To Sign Agreement

Board-Resolution-Authorisation-To-Sign-Agreement

Board Resolution For Authorisation To Sign Agreement


"RESOLVED THAT the consent of the Board of Directors be and is hereby accorded for execution of an agreement, as per the draft of the agreement tabled before the meeting and initialled by the Chairman for purposes of identification, to be entered into between the Company and M/s. ______________ and the following Directors (1) Shri ................., (2) ........................., and (3) Shri ............................. be and are hereby severally authorised to accept on behalf of the company such modifications therein as may be suggested by or acceptable to M/s. _______________."

"RESOLVED FURTHER THAT the Common Seal, if any, of the Company be affixed to the fair stamped engrossment in duplicate of the Agreement on the lines of the said draft (with such modifications as may be agreed to between the company and M/s. ______________)  in the presence of any two of the following Directors, namely, Shri ............, Shri ............ and Shri .............. who shall sign the same, and Shri .............. Secretary who shall countersign the same.

RESOLVED FURTHER THAT the aforesaid power entrusted to the said official shall be valid and effective unless revoked earlier by the Board or shall be exercisable by him so long as he is in the concerned to the Company.” 
RESOLVED FURTHER THAT all acts, deeds, things, matters, etc. as aforestated shall be deemed to be valid and enforceable only if they are consistent with the instant resolution as may be relevant in this case and that the Board shall not be responsible for any acts beyond the scope of the aforestated powers done by (Name of the authorized person(s) and such invalid, illegal acts, and acts done beyond the scope of  powers granted in this Resolution shall not bind the Company against any third parties or before any authorities  in any manner and that the Board shall not be answerable in that behalf.”
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