Quick Answer: Can A Board Resolution Be Signed By Company Secretary?

What is a signed resolution?

A resolution in writing, signed by all the directors qualified to vote at meetings of the board of directors, shall be valid and have the same effect as if it had been adopted at a duly called and held meeting of the board of directors..

Can CFO sign board resolution?

A CFO shall invariably be considered as KMP of a company. … Being a KMP under the Act, the Chief Financial Officer can be appointed only through a board resolution which shall contain the terms and conditions of his / her appointment as CFO including the remuneration to be paid, tenure etc.

How do you write a resolution?

How to Write a ResolutionFormat the resolution by putting the date and resolution number at the top. … Form a title of the resolution that speaks to the issue that you want to document. … Use formal language in the body of the resolution, beginning each new paragraph with the word, whereas.More items…•

What does resolution mean?

the act of resolving or determining upon an action, course of action, method, procedure, etc. a resolve; a decision or determination: to make a firm resolution to do something. Her resolution to clear her parents’ name allowed her no other focus in life.

Is CFO mandatory for listed companies?

As per the Companies Act, 2013, Every listed company and every other public company having a paid-up share capital of ten crore rupees or more are required to appoint Chief Financial Officer (C.F.O.) as Key managerial personnel (KMP). … Though, a company can voluntary comply with this provision.

Who appoints the CFO of a company?

Elected by the shareholders, the board of directors is made up of two types of representatives. The first type involves inside directors chosen from within the company. This can be a CEO, CFO, manager, or any other person who works for the company daily.

Who can sign the board resolution as per Companies Act 2013?

– the Chief Executive Officer, if he is a director in the company, – the Chief Financial Officer; and – the Company Secretary of the company, wherever they are appointed. In the case of a One Person Company, the Financial Statement is required to be signed only by one director.

Does a board resolution need to be signed by all directors?

The board president and all board directors should sign the resolution. The board secretary should keep copies of all board resolutions with the corporate bylaws and other important documents.

Can you backdate a board resolution?

Essentially, the Board ratifies these past acts as of today. In other words, the resolutions are not “backdated” to when they occurred; rather, they are dated currently and expressly state that the events happened in the past.

What are the three types of resolution?

The three types of resolutions are joint resolutions, simple resolutions and concurrent resolutions.

How do you pass resolution at a board meeting?

Whilst board resolutions can be passed by a simple majority vote, directors’ written resolutions can only be passed by unanimous agreement of all directors who are entitled to vote, unless any provision in the the articles states to the contrary.

Who can sign the board resolution?

The resolution must be signed by the Chairman and stamped with a company chop. 3. All amendments made to this resolution should be endorsed and signed by the Chairman.