A Board Resolution is a way of documenting a decision made by the board of directors or shareholders of a corporation. Board resolutions serve as compliance documents when verification is necessary. A corporate resolution document is generally used to obtain the details of the resolution in writing.
In accordance with section 167 of the Company Law of 2013 and in terms of the Company Bylaws, the Directors of a company approve a Resolution of the Directors to Appoint the Director and the resignation of the director.
The resolution of the Board for the opening of the bank account can be signed by the sole director and the shareholders. A proposal to open a current Account with the was placed before the Board for conducting its day-to-day financial transactions.
According to the companies act 2013, Companies are required to appoint an internal auditor, Internal Audit ensure compliance and help to maintain accurate and timely financial reporting and data collection.
According to the law in the Company Act, 2003, the below conditions have to be met.
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Read the document to make sure it meets your needs.
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attach the draft minutes to the notice of the meeting.
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The chairman needs to sign the minutes at the end of the meeting.
Make a copy of the signed minutes and store the original safely away with the Company books.
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