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Board Resolution For Dissolution Of Committee for India

Board Resolution For Dissolution Of Committee Template for India

A Board Resolution for Dissolution of Committee is a formal document used in Indian corporate governance to officially dissolve a previously established board committee. The document, governed by the Companies Act, 2013 and relevant SEBI regulations for listed companies, formally records the board's decision to terminate a committee's existence. It includes essential details such as the resolution date, committee details, reasons for dissolution, transition arrangements, and necessary authorizations. The document must comply with Indian corporate law requirements and may need to be filed with the Registrar of Companies depending on the type of committee being dissolved.

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Board Resolution For Dissolution Of Committee

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What is a Board Resolution For Dissolution Of Committee?

A Board Resolution For Dissolution Of Committee is a crucial corporate governance document used when a company needs to formally terminate the existence of a board committee in India. This document becomes necessary when a committee has fulfilled its purpose, requires restructuring, or needs to be disbanded due to organizational changes. It must comply with the Companies Act, 2013, SEBI regulations (for listed companies), and the company's Articles of Association. The resolution typically includes the committee's history, reasons for dissolution, effective date, and transition arrangements. For statutory committees like the Audit Committee or CSR Committee, specific regulatory requirements must be met before dissolution. The document serves as official evidence of the board's decision and may need to be filed with regulatory authorities.

What sections should be included in a Board Resolution For Dissolution Of Committee?

1. Title and Date: Formal title of the resolution and date of the meeting

2. Company Details: Full legal name and registration details of the company

3. Venue and Attendance: Location of the meeting and list of directors present/absent

4. Chair: Name of the person chairing the meeting

5. Background: Brief context about the committee's formation, purpose, and reason for dissolution

6. Reference to Authority: Citation of relevant provisions of Articles of Association, Companies Act, or other applicable laws

7. Resolution Statement: The formal resolution text for dissolving the committee

8. Effective Date: Clear statement of when the dissolution takes effect

9. Authorization: Empowerment of officers to file necessary forms and documents

10. Closing: Standard closing statement confirming the resolution's passage

11. Signature Block: Space for Chairman's signature and date

What sections are optional to include in a Board Resolution For Dissolution Of Committee?

1. Quorum Confirmation: Explicit confirmation of meeting quorum - required if company bylaws specifically mandate this

2. Transition Arrangements: Details of how ongoing responsibilities will be handled - needed if committee had ongoing projects

3. Appreciation Note: Formal acknowledgment of committee members' services - recommended for long-standing committees

4. Compliance Statement: Statement confirming compliance with specific regulations - required for statutory committees

5. Transfer of Records: Instructions for handling committee records and documents - needed for committees with significant documentation

What schedules should be included in a Board Resolution For Dissolution Of Committee?

1. Schedule A - Committee Members: List of all current committee members and their roles

2. Schedule B - Original Formation Resolution: Copy or reference to the original resolution that formed the committee

3. Schedule C - Pending Matters: List of any unfinished business or matters requiring transition

4. Appendix 1 - Relevant Company Policies: Any company policies affected by the committee dissolution

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

India

Publisher

Ƶ

Document Type

Board Resolution

Cost

Free to use
Relevant legal definitions




















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Relevant Industries

Banking & Financial Services

Technology

Manufacturing

Healthcare

Real Estate

Retail

Energy

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Transportation & Logistics

Relevant Teams

Legal

Corporate Secretarial

Compliance

Corporate Governance

Board Operations

Risk Management

Internal Audit

Corporate Affairs

Regulatory Affairs

Relevant Roles

Chief Executive Officer

Company Secretary

Chief Legal Officer

Corporate Governance Officer

Board Chairman

Managing Director

Independent Director

Compliance Officer

Chief Financial Officer

Corporate Secretary

Legal Counsel

Risk Management Officer

Board Coordinator

Governance Manager

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