29 September 2014
“Resolved that pursuant to section 196, 197 read with schedule V and other applicable provisions , if any, of the Companies Act, 2013 (including all statutory modifications thereof for the time being in force) and subjected to prior approval of members at the General meeting and Central Govt. (if required) , Sh abc be and is hereby appointed as ______________ of the company for a period of _________ years w.e.f. _________ on the terms and conditions as approved by the Nomination and Remuneration Committes of the board and mentioned in the draft of agreement placed before the meeting duly initialed by the chairman for the purpose of identification and on the following terms, conditions and remuneration: - a) Basic Pay : _________ p.m. b) Allowances : _________ p.m. (depends upon board and give all relevant details below and disclosure of the same is to be given under explanatory statement under section 102 of the Companies Act,) Resolved Further that Shri abc will also entitled for reimbursement of the expenditure related to travelling, entertainment, boarding etc. incurred by him/her on behalf of the company business and all other amenities , facilities and privileges, as any time to time, be available to other Senior Designative of the company. Resolved Further that The Board of the director of the company be and is hereby authorized to execute the agreement with Sh. ABC ……. And to do all such acts, deeds, matters, and things it may considered necessary, expedient or desirable, and to settle any question, or doubt that may arise in relation thereto and to modification in the terms and conditions as approved by the Sh. ABC and to modify the same as may be otherwise considered by it to be in the best interest of the company and to Sh. XYZ, MD/Director/WTD/CS of the company be and is hereby authorized to File MR-1, DIR-12 along with MBP- 1, DIR-2 and DIR-8 and all other documents with the Registrar of Companies, ______________.”
29 September 2014
One Thing more.. Appoint Mr. X only as CS and in the agreement executed between him and the company, mention the Key Responsibility areas.
CAclubindia
