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1. Title and Date: Specifies that this is a Board Resolution with the date of the meeting
2. Meeting Details: Information about the meeting, including venue, time, and directors present
3. Background: Context explaining the need for asset sale and business rationale
4. Quorum Confirmation: Confirmation that the required quorum is present for a valid meeting
5. Proposal Details: Detailed explanation of the proposed asset sale, including key terms and conditions
6. Statutory Compliance Statement: Statement confirming compliance with relevant sections of Companies Act and other applicable laws
7. Main Resolution: The formal resolution text approving the sale of assets
8. Authorization: Empowerment of specific officers to execute documents and take necessary actions
9. Closing: Signature block for Chairman/Company Secretary and date of signing
1. Shareholder Approval Reference: Required when the asset sale exceeds threshold requiring shareholder approval under Section 180 of Companies Act
2. Valuation Statement: Include when independent valuation has been conducted for the assets
3. Interested Directors' Disclosure: Required when any directors have interest in the transaction
4. Special Conditions: Any specific conditions or requirements for the sale
5. Risk Factors: Include when there are significant risks associated with the asset sale that the Board has considered
6. Stock Exchange Notification: Required for listed companies when the sale is material
1. Schedule A - Asset Description: Detailed description of assets being sold, including identification numbers, locations, and specifications
2. Schedule B - Consideration Details: Complete breakdown of the sale consideration, payment terms, and conditions
3. Schedule C - Key Terms of Sale: Major terms and conditions of the sale agreement
4. Appendix 1 - Valuation Report Summary: Summary of independent valuation report if applicable
5. Appendix 2 - Compliance Checklist: Checklist confirming compliance with all regulatory requirements
6. Appendix 3 - Power of Attorney: Format of Power of Attorney for authorized signatories if required
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Real Estate
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Healthcare
Retail
Hospitality
Industrial
Mining
Agriculture
Automotive
Energy
Telecommunications
Financial Services
Legal
Finance
Compliance
Corporate Secretarial
Risk Management
Corporate Governance
Operations
Asset Management
Board Secretariat
Administrative
Chief Executive Officer
Managing Director
Company Secretary
Chief Financial Officer
Legal Counsel
Compliance Officer
Board Director
Corporate Secretary
Asset Manager
Finance Director
Operations Director
Risk Manager
Corporate Governance Officer
General Counsel
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