Sunday, May 26, 2013

Board Resolution for Director's absent 3 months & Appoint Alternate Director

Board Resolution for Director's absent 


EXTRACT OF …TH MEETING OF
……………………………….. LIMITED

The Meeting of the Board of Directors of the company held on .. ,,,, 20…., …..day, at 03. 00 p.m. at registered office, attended by following 3 (Three) Directors:

Sl.No.
Name of the Members/Directors
Designation
Signature
01.

Chairman

02.

Managing Director

03.

Director


With attendance of ………………………… Company Secretary, the Chairman, ………………………. presided over the meeting. Being satisfied with the quorum, the Chairman started the proceeding of the meeting. Notice was conveyed to the Directors on time.

AGENDA 03: Leave of the Director …………………………… for 2 months.
The matter of prayer for leave of 2 months of Director, ……………………………. of the company was placed before the meeting. It’s decided that she is willingly leaving for personal matter the country for 2 (Two) months and applied for the consent of the Board for approval and consideration to leave. The Board took the following decision:

“RESOLVED THAT, the application of leave for two months of Director, …………………….. of the company is hereby accepted by the Board.”

AGENDA 04: Appointment of Alternate Director in absence of ……………………………., Director of the company.

In pursuant of application and proposal for Alternate Director by ………………………,  the members of the Board discussed on appointing an alternate Director in absence of …………………………….., Director of the company according to the power of Section 101, Company Act, 1994 and Section 111 of Articles of Association of the Company.  …………………… proposed Md. ………………………. as Alternate Director of the company. After threadbare discussion the Board takes the following resolution:

“RESOLVED THAT pursuant to the provisions of the provisions of the Section 101 and other applicable provisions (including any modification or re-enactment thereof), if any, of the Companies Act, 1994, Md. ………………….be and is hereby appointed as Alternate Director during the absence of ……………… and that he will vacate the office when the original director, ……………………………. return to Bangladesh, pursuant to article 111 of the Articles of Association of the company.

RESOLVED FURTHER THAT, Md. ………………….. be and is hereby severally authorized to do all the acts, deeds and things which are necessary to the appointment of aforesaid person as alternate director of the Company.”




……………………………
Chairman



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3 comments:

  1. The minute is to be signed by the Chairman of the meeting, why Managing Director??

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