CERTIFIED TRUE COPY OF THE BOARD RESOLUTION FOR THE RESIGNATION OF DIRECTOR(S)

(Passed pursuant to Section 168 of the Companies Act, 2013 read with the Companies (Appointment and Qualification of Directors) Rules, 2014)

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF ________, a company incorporated under the Companies Act, 2013 (or the erstwhile Companies Act, 1956), bearing Corporate Identity Number (CIN) ________ and having its registered office at ________ (hereinafter referred to as the “Company”), HELD ON ________ AT ________, ________, COMMENCING AT ________.

1. Tabling and Consideration of Resignation

The Chairman of the meeting informed the Board that ________ (Director Identification Number (DIN): ________), holding the office of ________ of the Company, has tendered his/her resignation from the office of Director of the Company vide resignation letter dated ________, stating therein the reasons for such resignation. The said resignation letter was placed before the Board for its consideration. After due deliberation, the Board passed the following resolutions:

2. Resolution Accepting the Resignation

“RESOLVED THAT pursuant to the provisions of Section 168 and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) and the Articles of Association of the Company, the resignation of ________ (DIN: ________) from the directorship of the Company, tendered vide letter of resignation dated ________, be and is hereby noted, considered and accepted with effect from the close of business hours on ________.”

“RESOLVED FURTHER THAT the Board places on record its sincere appreciation for the valuable services rendered and guidance provided by ________ during his/her tenure as a Director of the Company.”

3. Statutory Filings and Authorisation

“RESOLVED FURTHER THAT ________, ________ of the Company, be and is hereby severally authorised to digitally sign and file the requisite e-Form DIR-12 along with the prescribed attachments and fees with the concerned Registrar of Companies within thirty (30) days of the effective date of resignation, and to do all such acts, deeds, matters and things, including making necessary entries in the Register of Directors and Key Managerial Personnel maintained under Section 170 of the Companies Act, 2013, as may be necessary, proper or expedient to give effect to the foregoing resolutions.”

4. Posting of Resignation Particulars

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5. General Authorisation

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There being no other business, the meeting concluded with a vote of thanks to the Chair.

CERTIFIED TRUE COPY

For and on behalf of

________

_______________________________
Name: ________
Designation: ________
DIN / Membership No.: ________
Place: ________
Date: ________