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Appointment of A Relative of Director

The document outlines a resolution for the appointment of a relative of a Whole-time Director as an employee of the company, in accordance with Section 314(1) of the Companies Act, 1956. It grants the Board of Directors the authority to finalize the appointment details, including remuneration, and authorizes a specific Director to carry out necessary actions. Additionally, it states that the resolution and explanatory statement will be included in the notice for an Extra Ordinary General Meeting.

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kuldeep singh
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16 views1 page

Appointment of A Relative of Director

The document outlines a resolution for the appointment of a relative of a Whole-time Director as an employee of the company, in accordance with Section 314(1) of the Companies Act, 1956. It grants the Board of Directors the authority to finalize the appointment details, including remuneration, and authorizes a specific Director to carry out necessary actions. Additionally, it states that the resolution and explanatory statement will be included in the notice for an Extra Ordinary General Meeting.

Uploaded by

kuldeep singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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APPOINTMENT OF A RELATIVE OF

DIRECTOR [SECTION 314(1)]

"RESOLVED THAT the pursuant to provisions of Section 314(1) of the Companies Act, 1956, the authority
be and is hereby accorded to the Board of Directors to appoint Mr._______________ as _____________
holding office of profit under the company he being a relative of the Whole-time Director, Mr.
___________________, of the Company, for a period of ____ years with effect from
________________, 200_______, pursuant to he terms and conditions including relating to the
remuneration as contained in an agreement between the company of the one part and the said Mr.
________________ of the other part, a copy whereof initialed by the Chairman was placed before this
meeting.

RESOLVED FURTHER THAT Mr. _________________, Director of the Company be and is hereby
authorized to all acts, deeds and things as he may deem necessary in this regard.

RESOLVED FURTHER THAT a draft of the resolution together with the explanatory statement, a draft of
which is tabled before the meeting be included in the notice to be issued for convening of Extra Ordinary
General Meeting."

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