RESOLVED that subject to the approval of the Central Government under section 372 of the
Companies Act, 1956 sanction be and the same is hereby accorded to the Board of Directors of
the company (the Board) for investing a sum not exceeding Rs. ................for purchasing from
time to time upto............equity shares of Rs. 10 each fully paid up ............in............for cash
and at such prices and upon such terms and conditions as the Board may think fit notwithstanding
that the cost of such investment when made will be in excess of 25% of the subscribed equity
share capital or the aggregate of paid-up equity and preference share capital, whichever is less,
of ........

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This is a reference draft reproduced for study and adaptation. Court rules, court fees and the correct forum vary with the facts and the value of the claim, so have the document checked and filed by an advocate. A defective application can be returned or dismissed even when the case itself is good.

Our Corporate & Company Law team drafts and files these documents before the Calcutta High Court, city civil courts, magistrate, family and consumer courts in Kolkata. Our corporate team handles company formation, filings and commercial contracts.

Disclaimer: this page is a sample format reproduced for reference and study. It is not legal advice and does not create an advocate–client relationship.

Resolution for Investment in Other Corporate Bodies

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