Board resolution for delegation of powers to KMP under Companies Act, 2013 with authority limits, compliance and sub-delegation clauses.
“RESOLVED THAT pursuant to the applicable provisions of the Companies Act, 2013 read with the rules made thereunder, including any statutory modification(s), amendment(s) or re-enactment(s) thereof for the time being in force, consent of the Board be and is hereby accorded to delegate such administrative, operational, financial and compliance related powers of the Company to the Key Managerial Personnel (“KMP”) of the Company as may be necessary for efficient management and conduct of the business affairs of the Company.
RESOLVED FURTHER THAT the Key Managerial Personnel of the Company be and are hereby authorised to exercise such powers and perform such duties within the limits and framework approved by the Board from time to time.
RESOLVED FURTHER THAT any Director and/or Company Secretary of the Company be and are hereby severally authorised to communicate the delegation, execute necessary documents and do all such acts, deeds and things as may be necessary for giving effect to this resolution.”
No rules under this Section yet.