27 June 2022
Please send me a board resolution copy to be a part of foreign company having 30 percent share without any obligation and using its brand prefix before it
11 July 2024
Drafting a board resolution to formalize the participation of your company as a shareholder in a foreign company involves specific legal and corporate governance considerations. Here’s a general template for such a resolution. Please note that it's essential to customize this template according to your specific situation and seek legal advice if needed.
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**Board Resolution of [Your Company Name]**
Date: [Date]
At a meeting of the Board of Directors of [Your Company Name] held on [Date], at [Location], the following resolution was passed:
**Resolution: Participation in Foreign Company**
WHEREAS,
1. The Board of Directors is desirous of investing in a foreign company named [Foreign Company Name], which is engaged in [brief description of business activities].
2. The Board has reviewed the terms and conditions of the investment, including the acquisition of 30% shareholding in [Foreign Company Name].
3. The Board acknowledges that the investment in [Foreign Company Name] will allow [Your Company Name] to benefit from its association with the foreign company’s brand and leverage its expertise in [relevant industry sector].
4. The Board has considered the financial implications and strategic benefits of the investment, as outlined in the proposal presented to the Board.
NOW, THEREFORE, BE IT RESOLVED THAT:
1. [Your Company Name] shall proceed with the investment in [Foreign Company Name] by acquiring 30% of the shareholding as proposed.
2. The Managing Director/CEO of [Your Company Name] is hereby authorized to negotiate, finalize, and execute all necessary agreements, documents, and instruments relating to the investment in [Foreign Company Name], including but not limited to share purchase agreements, shareholders’ agreements, and any ancillary documents.
3. The Managing Director/CEO is further authorized to take all actions and do all things as may be necessary, proper, or advisable to give effect to this resolution.
4. [Your Company Name] shall use the brand prefix " [Brand Prefix] " in association with [Foreign Company Name] as agreed upon in the investment agreement, for the purposes of branding and marketing initiatives.
RESOLVED FURTHER THAT any one of the directors of the company be and is hereby authorized to sign and execute all such documents and papers as may be necessary to give effect to the above resolution.
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**Certified True Copy**
This is to certify that the above is a true copy of the resolution passed at the meeting of the Board of Directors of [Your Company Name] held on [Date].
For [Your Company Name]:
________________________ [Director’s Name] Director
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**Note:**
- Customize the resolution by filling in the specific details relevant to your company and the foreign company. - Ensure compliance with all legal and regulatory requirements applicable to such investments, including foreign exchange regulations and corporate governance norms. - This template is a starting point and should be reviewed and approved by your company’s legal advisor or corporate secretary to ensure it meets all necessary legal standards and requirements.
If you need further customization or legal advice specific to your situation, it's advisable to consult with a qualified corporate lawyer or legal professional.
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