Additional Director-Board’s Resolution

“Whereas Mr. Indra Sen was employed for period of three years as the Managing Director of the company from 01.01.1998 and whereas the Company wanted to dispense with the services from 1.06.1999 qf the said Managing Director and whereas the company has duly served notice to the said Managing Director in terms of clause
of the agreement between the Company and the said Mr. Indira Sen govern
ning his terms and conditions as the Managing Director of the Company, in terms of
Clause of the agreement between the Company and the said Mr. Indira Sen.
NOW THEREFORE IT IS HEREBY RESOLVED that an amount of Rs. be paid to
Mr. Indira Sen as compensation for the loss of his office as the Managing Director of the Company”.
A Public Company proposes to appoint Shri Ram as Additional Director and Shri Gopal as a director in the casual vacancy by resignation of the Office of Director by Shri Mohan. Draft suitable resolution for the appointment of Shri Ram nd Shri Gopal
as Directors.
Appointment of Additional Director-Board’s Resolution
“RESOLVED THAT Shri Ram be and is hereby appointed as Additional Director of the company pursuant to Section 260 of the Companies Act, 1956 and Article 15 of the Articles of Association of the Company and that Shri Ram is to hold office till the next Annual General Meeting”.
Filling up of Casual Vacancy-Board’ s Resolution
“RESOLVED THAT Shri Gopal be and is hereby appointed as a Director of the company to fill up the casual vacancy caused due to Shri Mohan vacating his office as a Director of the company before the expiry of his term of office and that Shri Gopal is to hold office till the date the outgoing Director Shri Mohan would have held office”.
SP.8. Draft a specimen resolution for appointment of Altemate Director.
Ylns .
Appointment of Alternate Director
“RESOL VED THAT pursuant to the provisions of Section 313 of the Companies Act,
1’956, read with Article of the Articles of Association of the company, Shri be
and is hereby appointed as alternate director to Shri during the latter’s absence
for a period of not less than three months from the State of and that the alternate
director shall vacate his office as and when Shri returns to the said State.” .

Draft specimen resolutions for the following businesses to be transacted at the Board meeting: