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Board Resolution for Opening Establishing of New Branch Office

Following is a template of board resolution, which can be used to give approval and authorisation to the management for opening of a new branch office of the company.

Draft Board Resolution for Opening/Establishing New Branch Office(s)

#. To Open a New Branch Office at (Location)

“RESOLVED THAT in pursuance with the provisions of Section 2(14) of the Companies Act, 2013, including any amendment thereto, the consent of the Board of Directors be and hereby accorded to establish a new branch office of the company at .............(full address or locality name)......... and the branch be called as '............ branch' of the company.

FURTHER RESOLVED THAT the premises required for establishing the branch be acquired on Leave and License arrangements basis with a monthly rental in the range of Rs. ............. to Rs. ..................

FURTHER RESOLVED THAT (Name of the Officer), (Designation) be and is hereby authorised for completing all formalities for setting up the ............. branch including the authority to sign and execute all the document(s) or instrument(s) and to do all such acts, deeds and things as may be necessary in this connection.

RESOLVED FURTHER THAT a certified true copy of the foregoing resolution be forwarded to all such statutory authorities and other parties as necessary under the signature of (Name of the Director/ CS), (Designation).”


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Note

The definition of "branch office" is given under sub-section (14) of section 2 of the Companies Act, 2013.

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