Board resolution format for noting the first financial year under Section 2(41), with first AGM within nine months under Section 96(1) and AOC-4, MGT-7 dates.
“RESOLVED THAT pursuant to the provisions of Section 2(41) and other applicable provisions, if any, of the Companies Act, 2013, the Board hereby takes note that, the Company having been incorporated on [●], its first financial year shall be the period commencing on [●] and ending on 31 March [●], and that each subsequent financial year of the Company shall be the period of twelve months commencing on 1 April and ending on 31 March.
RESOLVED FURTHER THAT the books of account of the Company be maintained, and its first financial statements be prepared and audited, for the said first financial year, and that the first annual general meeting of the Company be held within nine months from the date of closing of the first financial year, as required under Section 96(1) of the said Act.
RESOLVED FURTHER THAT any Director and/or the Company Secretary of the Company be and is hereby severally authorised to inform the statutory auditor, bankers and other authorities concerned and to do all such acts, deeds and things as may be necessary for giving effect to this resolution.”
No rules under this Section yet.