Draft Board Resolution For Lease Agreement


Draft Board Resolution For Lease Agreement

"RESOLVED THAT consent of the board be and is hereby accorded to take on lease _________ (brief description of asset) from _____________ for the use of the Company on the terms and conditions set out in the draft Lease Agreement a copy of which duly signed by the Chairman for the purpose of identification has been placed as Annexure-I”

"RESOLVED FURTHER THAT the said draft of the Lease Agreement be and is hereby approved and the following Directors (1) Shri ___________, (2) Shri ____________, 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 _________."

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

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