A Board Resolution For Purchase of Shares of Other Company is a crucial corporate document required under Indian law whenever a company intends to acquire shares in another entity. This resolution is mandatory under the Companies Act, 2013, particularly Section 179 and 186, and must comply with various regulatory requirements including SEBI regulations if the target company is listed. The document is used to formally record the board's approval of the share purchase, specify transaction details, demonstrate statutory compliance, and authorize specific individuals to execute the transaction. It typically includes details about the target company, purchase consideration, source of funds, and relevant compliance requirements. This resolution serves as legal evidence of proper corporate authorization and is often required by banks, regulatory authorities, and other stakeholders involved in the transaction.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Title and Date: Specifies that this is a board resolution with the date of the meeting
2. Company Details: Full legal name and registration details of the company passing the resolution
3. Meeting Details: Information about the board meeting including venue, time, and quorum details
4. List of Directors Present: Names of directors who attended the meeting and those who are absent with or without leave
5. Chairman: Designation of the chairman for the meeting
6. Background of the Transaction: Brief description of the proposed share purchase and its business rationale
7. Proposed Transaction Details: Specific details about the shares to be purchased, including quantity, price, and target company details
8. Statutory Compliance Statement: Statement confirming compliance with relevant sections of Companies Act and other applicable laws
9. Financial Considerations: Statement regarding the company's financial capacity to make the purchase and source of funds
10. Resolution: The formal resolution text with specific approvals and authorizations
11. Authorization: Empowerment of specific officers to execute the transaction and related documents
1. Related Party Disclosure: Required if the target company is a related party, disclosing the nature of relationship and special considerations
2. Valuation Report Reference: Include when the purchase price is based on a formal valuation report
3. Competition Law Compliance: Required if the transaction size triggers competition law thresholds
4. Foreign Exchange Considerations: Include if the transaction involves foreign currency or cross-border elements
5. Risk Assessment: Detailed analysis of transaction risks when the purchase is significant or strategic
6. Due Diligence Findings: Summary of key due diligence findings if significant for board's decision-making
1. Details of Target Company: Complete information about the company whose shares are being purchased
2. Share Purchase Terms: Detailed terms and conditions of the share purchase
3. Valuation Report Summary: Key findings from the valuation report if applicable
4. Financial Impact Analysis: Detailed analysis of the transaction's impact on company financials
5. Due Diligence Report: Summary of due diligence findings if conducted
6. Compliance Checklist: List of all regulatory compliance requirements and their status
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking & Financial Services
Information Technology
Manufacturing
Healthcare
Real Estate
Retail
Telecommunications
Energy & Utilities
Media & Entertainment
Professional Services
Infrastructure
Consumer Goods
Pharmaceuticals
Relevant Teams
Legal
Corporate Secretarial
Finance
Corporate Strategy
Compliance
Risk Management
Corporate Development
Mergers & Acquisitions
Board Secretariat
Investment
Relevant Roles
Chief Executive Officer
Managing Director
Company Secretary
Chief Financial Officer
Legal Counsel
Corporate Strategy Director
Investment Manager
Compliance Officer
Board Director
Finance Director
Corporate Development Manager
Mergers & Acquisitions Director
Risk Management Officer
Find the exact document you need
Board Resolution For Transfer Of Shares In Demat Form
An Indian corporate resolution authorizing the transfer of dematerialized shares, compliant with Companies Act 2013 and SEBI regulations.
find out more
Board Resolution For Termination Of Lease Agreement
An Indian corporate document recording board approval for terminating a lease agreement and authorizing officers to execute the termination.
find out more
Board Resolution For Renewal Of Bank Guarantee
An Indian corporate document authorizing the renewal of an existing bank guarantee, compliant with Companies Act 2013 and RBI guidelines.
find out more
Board Resolution For Opening Of Suspense Escrow Demat Account
An Indian corporate board resolution authorizing the opening and operation of a suspense escrow demat account, compliant with Companies Act 2013 and SEBI regulations.
find out more
Board Resolution For Grant Of ESOP
An Indian corporate document authorizing the grant of employee stock options, detailing terms and conditions in compliance with Companies Act and SEBI regulations.
find out more
Board Resolution For Forfeiture Of Shares
An Indian corporate document recording the board's resolution to forfeit shares of defaulting shareholders, in compliance with Companies Act, 2013 and relevant regulations.
find out more
Board Resolution For Dormant Company
An Indian corporate document recording the board's resolution to obtain dormant company status under Section 455 of the Companies Act, 2013.
find out more
Board Resolution For Conversion Of Opc To Private Company
An Indian company law document recording the board's resolution to convert from One Person Company (OPC) to Private Limited Company status.
find out more
Board Resolution For Conversion Of Company Into Llp
An Indian board resolution authorizing and documenting the conversion of a company into a Limited Liability Partnership (LLP), in compliance with Indian company law.
find out more
Board Resolution For Company Becoming Partner In LLP
An Indian corporate board resolution authorizing a company's entry as a partner into a Limited Liability Partnership, including investment terms and authorizations.
find out more
Board Resolution For Change Of Registered Office
An Indian corporate document recording the board's formal approval for changing a company's registered office address, governed by the Companies Act, 2013.
find out more
Board Resolution For Authorisation
An Indian corporate document that formally records the board's decision to delegate specific powers or authority to designated individuals or entities.
find out more
Special Resolution For Taking Loan
An Indian corporate resolution authorizing borrowings beyond statutory limits under Section 180(1)(c) of the Companies Act, 2013, requiring 75% shareholder approval.
find out more
Resolution Of Society For Opening Bank Account
An Indian legal document recording a society's formal decision and authorization to open and operate a bank account, including details of approved signatories and banking arrangements.
find out more
Resolution For Appointment Of New Trustee
A legal document under Indian law that formalizes the appointment of a new trustee to an existing trust, compliant with the Indian Trusts Act, 1882.
find out more
Board Resolution For Conversion Of Loan Into Equity
An Indian law-compliant board resolution authorizing the conversion of outstanding loan obligations into equity shares, outlining conversion terms and regulatory compliance requirements.
find out more
Board Resolution For Company Closure
An official resolution under Indian law documenting the Board of Directors' decision and approval for closing down a company's operations.
find out more
Board Resolution For Termination Of Agreement
An Indian corporate document recording the Board of Directors' formal decision to terminate an existing agreement, compliant with the Companies Act, 2013.
find out more
Board Resolution For Subdivision Of Shares
An Indian corporate resolution documenting the board's approval to subdivide company shares into smaller denominations, in compliance with Companies Act, 2013.
find out more
Board Resolution For Issue Of Convertible Notes
An Indian law-compliant board resolution authorizing the issuance of convertible notes, including terms, conditions, and regulatory compliance requirements.
find out more
Unanimous Board Resolution
An Indian corporate document recording unanimous decisions made by a company's board of directors, compliant with the Companies Act, 2013.
find out more
Board Resolution For Redemption Of Debentures
An Indian law-compliant board resolution authorizing and documenting the company's decision to redeem its debentures.
find out more
Board Resolution For Share Purchase Agreement
An Indian corporate document recording board approval for a share purchase transaction, compliant with the Companies Act, 2013.
find out more
Board Resolution For One Person Company
A formal document recording decisions made by the sole director-member of an Indian One Person Company, compliant with the Companies Act, 2013.
find out more
Board Resolution For Demat Account Opening
An Indian corporate governance document authorizing the opening and operation of a company's demat account for securities trading.
find out more
Board Resolution For Change In Shareholding Pattern
An Indian corporate document that formally records and approves changes in company share ownership, compliant with the Companies Act, 2013.
find out more
Appointing A Director By Ordinary Resolution
An ordinary resolution document under Indian company law for appointing a director, including required statutory declarations and compliance documentation.
find out more
Board Resolution To Open Bank Account
An Indian corporate document authorizing the opening of a company bank account and designating account operators, as required under the Companies Act 2013.
find out more
Special Board Resolution
A formal Indian corporate document recording significant Board decisions requiring special majority approval under the Companies Act, 2013.
find out more
Resolution For Transfer Of Shares
An Indian corporate resolution document that formally approves and records the transfer of shares between parties under Indian company law.
find out more
First Board Meeting Resolution
A statutory document under Indian law recording resolutions passed at a company's first board meeting, establishing initial corporate governance framework.
find out more
Board Resolution For Call On Shares
An Indian corporate document recording the board's resolution to demand payment on partly paid shares, specifying call amounts and payment terms under Indian company law.
find out more
Board Resolution For Appointment Of Nominee Director
An Indian corporate resolution documenting the board's approval for appointing a nominee director, as per Companies Act, 2013 requirements.
find out more
Board Resolution For Sale Of Shares Of Subsidiary Company
An Indian corporate resolution documenting board approval for the sale of subsidiary company shares, compliant with Companies Act, 2013.
find out more
Board Resolution For Resignation Of Company Secretary
An Indian company law document recording the Board's acceptance of a Company Secretary's resignation and authorizing related regulatory actions.
find out more
Board Resolution For Purchase Of Shares Of Other Company
An Indian corporate document recording board approval for purchasing shares in another company, compliant with Companies Act 2013 and SEBI regulations.
find out more
Board Resolution For Joint Venture
An Indian law-compliant board resolution documenting approval and authorization for entering into a joint venture arrangement, following Companies Act, 2013 requirements.
find out more
Board Resolution For Increase In Paid Up Capital
An Indian corporate document recording the board's resolution to increase paid-up capital, governed by the Companies Act, 2013.
find out more
Board Resolution For Increase In Authorised Share Capital
An Indian corporate resolution documenting the board's approval to increase the company's authorized share capital, as mandated by the Companies Act, 2013.
find out more
Board Resolution For Declaration Of Dividend
An Indian corporate law document recording the board's formal decision to distribute company profits as dividends to shareholders, in compliance with the Companies Act, 2013.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)