Draft Board Resolution For The Appointment of Managing Director



RESOLVED THAT pursuant to the provisions of Sections 196, 197 & 203 read with Schedule V and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”), The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (including any statutory modifications or re-enactment(s) thereof for the time being in force), subject to the approval of members in the general meeting and such other consents and permission as may be necessary, consent of the board of directors be and is hereby accorded for the appointment of Shri ............, DIN: ............., as Managing Director of the Company for a period of ..... Years with effect from ............. on the remuneration and terms & conditions mentioned in the draft agreement placed before the members of the board as “Annexure – I”.  
RESOLVED FURTHER THAT other facilities such as a vehicle, house and telephone facility etc. will be provided to him, which is being provided by the company for the post of Managing Director.

"RESOLVED FURTHER THAT ……………. be and is hereby authorized to do all the acts, deeds and things which are necessary for the appointment of the aforesaid person as a Managing Director of the company.” 

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