Board Resolution | Download Free Template
Team Lawyered
1. What is a Board resolution ?
A Board Resolution is a form of mutual agreement and understanding between the directors of company. Whenever any company whic is duly registered under Companies Act, 2013 wants to decide upon any matter, the chairman of the board has to organise, conduct and convene a board meeting and shall take up the agenda before the board for their views and vote. A resolution contains the agenda and other details related to the meeting in written format to be signed by the chairman.
2. Why is it important?
a. This is mandatary by Companies act, 2013
b. It helps in understanding the agenda of the meeting.
c. This is a legal record which can be referred at any point of time by the company, employees, stakeholders and authorities.
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