To be printed on the letter head of Parent co.

EXTRACT OF THE MINUTES OF THE <NO OF MEETING> MEETING OF THE BOARD OF DIRECTORS OF <PARENT COMPANY NAME> HELD ON <DAY> <DATE> DAY OF <MONTH> <YEAR> COMMENCED AT 10 A.M. AND CONCLUDED AT 12 P.M. AT THE REGISTERED OFFICE OF THE COMPANY AT <REGISTERED OFFICE ADDRESS>

APPROVAL TO SET UP A WHOLLY OWNED SUBSIDIAY IN INDIA

“RESOLVED THAT The consent of the Board be and is hereby accorded to incorporate a wholly owned Subsidiary Company in the <CITY NAME> in the State of <NAME OF THE STATE>, India in the name of <PROPOSED COMPANY FULL NAME> or such other name as may be approved by the concerned Registrar of Companies by making an investment of RS. <AMOUNT>/- by subscribing <NO. OF SHARES> Equity Shares of Rs. <FACE VALUE>/- each.

RESOLVED FURTHER THAT The proposed company in India be allowed to use the words “<PARENT COMPANY FIRST NAME>” as a part of its name to resemble the parent company and the Board hereby accords no objection for using the same.

RESOLVED FURTHER THAT Following persons be and are hereby authorized to be appointed as Nominee directors on behalf of <PARENT COMPANY FULL NAME> for the proposed Indian Company or other company name subject to CRC Approval:

1.

2.

RESOLVED FUTHER THAT Mr/Ms. <Minority shareholder name>, Director be and is hereby authorized to hold <NO. OF SHARES> Share as a nominee of <PARENT COMPANY FULL NAME> in order to meet the requirements of the Companies Act, 2013.

RESOVLED FUTHER THAT Mr./Ms. <NAME OF THE DIRECTOR CUM MINORITY SHAREHOLDER>, Director, R/o. <ADDRESS> be and is hereby authorized to represent <PARENT COMPANY FULL NAME> and subscribe to <NO. OF SHARES> <IN WORDS> equity shares of RS. <FACE VALUE> each on behalf of the company and to sign the Memorandum and Articles of Association of the proposed company and any other documents as may be necessary and to do all such acts, deeds and things for effecting the same.

RESOLVED FUTHER THAT, the Company authorizes <PROFESSIONAL ASSISTING AND CERTIFITYING> and their associates to do on our behalf to make necessary corrections as and when required by the Registrar in the Memorandum and Articles of Association along with other documents in respect of the proposed company during its incorporation and to do all such acts, deeds, matters and things in relation to the aforesaid purposes as may be deem necessary or expedient for complying with the provisions of the Companies Act, 2013.”

Name & Designation

Signing with date and place          

_________________________________________________________________________________________________________

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED IN THE MEETING OF THE BOARD OF DIRECTORS OF _______________________PRIVATE LIMITED., HELD ON ___________.

NOC TO USE THE NAME OF COMPANY FOR INCOPORATION OF PRIVATE LIMITED COMPANY:

The Chairman informed that Mr. _______________________________ wish to incorporate a Private Limited Company in the field of ___________________________ with the name _______________________ Private Limited. Since name of the proposed Company is exactly similar to _________________ Private Limited., it is mandatory as per Companies Act to give No Objection Certificate (NOC) to the Promoters to use the initials of name of the Company. After discussion, the following resolution was passed: 

“RESOLVED THAT pursuant to the provisions of Companies Act, 2013 and rules made thereunder, the consent of the Board of Directors of the Company be and is hereby accorded to grant permission to Mr. ________________________________________ to use the initials of name of the Company __________________ Private Limited., for incorporation of their Private Limited Company with the name: _________________________ Private Limited., to carry on the business of _______________________.”

“RESOLVED FURTHER THAT a Certified True Copy of the resolution be treated as No Objection Certificate (NOC) of the Company to use the initials of name of the Company.”

“RESOLVED FURTHER THAT a Certified True Copy of the resolution be given to ___________________-Promoters of _____________ Private Limited., for further processing.”

“RESOLVED FURTHER THAT a Certified True Copy of the resolution be submitted to Central Registration Centre (CRC) while reserving the name through SPICe Part A.”   

For __________________ PRIVATE LIMITED.,

Managing Director      

DIN:           

Date:

Place: