“RESOLVED THAT pursuant to the provisions of Section 188 and all other applicable provisions, if any, of the Companies Act, 2013 (the ‘Act’) read with the Companies (Meetings of Board and its Power) Rules 2014 (the ‘Rule’), subject to any the consent, sanction, permission or approval as may be necessary consent of the members of the Company, if any, be and is hereby accorded to the board of directors to enter into any contract and/or arrangements with related party, namely [●] [Insert name of the related party], with respect to purchase of any tangible assets or any other transaction of whatever nature with related parties, with effect from as provided in Schedule A. 

RESOLVED FURTHER THAT   the Board of Directors of the Company be and is hereby authorised to determine the actual sums to be involved in the proposed transactions and the terms & conditions thereto and all the matters arising out of and incidental to the proposed transactions and generally to do all such acts and deeds and things that may be necessary, proper desirable and expedient to give effect to this resolution. 

RESOLVED FURTHER THAT Mr./Ms. [●] [Insert name of the Director] [holding DIN: [●] [Insert 8 digits DIN]] and/or Mr./Ms. [●] [Insert name of the Director] [holding DIN: [●] [Insert 8 digits DIN]], Directors of the Company, severally, be and is hereby authorized to take such steps as may be necessary for obtaining approvals, statutory, contractual or otherwise, in relation to the above and to take possession on [●] [Insert date of purchase], issue receipts, challans and settle all matters arising out of and incidental thereto, and they themselves or through a delegate (by issuing a power of attorney / authority letter) sign and execute all deeds, applications, documents and writings that may be required, on behalf of the Company and generally to do all acts, deeds, matters and things that may be necessary, proper, expedient or incidental thereto for the purpose of giving effects to above resolutions.