Board Resolution · Compliance & Filings
Approval of related party transactions
A ready-to-use board resolution draft under the Companies Act 2013. Fill in your company name, date, CIN and figures, then copy or download.
[Company Name] · CIN: [____]
Certified extract of the resolution passed at the meeting of the Board of Directors held on [Date] at [Registered Office]:
"RESOLVED THAT pursuant to Section 188 of the Companies Act, 2013 and Rule 15 of the Companies (Meetings of Board and its Powers) Rules, 2014, the Board approves the following related party transaction on an arm's-length basis in the ordinary course of business: [nature of transaction] with [Related Party Name] up to Rs. [amount] during FY [year].
RESOLVED FURTHER THAT the interested director(s) did not participate in the discussion or vote, and that [Director Name] be authorised to disclose the transaction in the Directors' Report and file Form MGT-14 where members' approval is required."
For [Company Name]
[Director Name], Director (DIN: [____])
[Director Name], Director (DIN: [____])
This is a general template for reference only. Have it reviewed by a qualified Company Secretary / lawyer and adapt to your company's Articles before use.
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