Sample Format/ Specimen of Board Resolution for Opening/Establishing New Branch Office(s)
"RESOLVED THAT in pursuant of the provisions of Section 2(9) of the Companies Act, 1956 including any amendment thereto, the consent of the Board of Directors be and hereby given to establish a branch office of the Company at _______ and the branch be called as '_____ branch' of the Company.
FURTHER RESOLVED THAT the premises for the branch be acquired on Leave and License arrangements with a monthly rental in the range of Rs. 50, 000/- to Rs. 80,000.
FURTHER RESOLVED THAT Mr. G Upol, Regional Manager-West India, be and is hereby authorised for setting up the ____ branch and to sign and execute of all document(s) or instrument(s) and do all such acts, deeds and things as may be necessary for opening of the said branch.
RESOLVED FURTHER THAT a Certified True Copy of this resolution be forwarded to all such statutory authorities under the signature of Mr. Nu Loo, Company Secretary.”