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Showing posts with the label Board Resolution for Voluntary Winding up of the Company

Board Resolution for Voluntary Winding up of the Company

Board Resolution for Voluntary Winding up of the Company CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF (COMPANY NAME) HELD AT THE REGISTERED OFFICE OF THE COMPANY AT (ADDRESS) ON (DATE) AT (TIME). RESOLVED THAT the consent of the Board of Directors of the Company be and is at this moment accorded to voluntarily wind up the affairs of the Company by the provisions of section 304(1)(b) of the Companies Act, 2013 subject to the approval of members in general meeting. RESOLVED FURTHER THAT the Board of Directors have made a pragmatic assessment of the affairs of the company and have reasonable grounds to form the opinion that the company will be able to pay its debts in full within a period of one year after realizing the assets belonging to the Company. RESOLVED FURTHER THAT the Declaration of Solvency along with an affidavit to verify the declaration, and auditor’s report thereon, a draft of which as placed before the Board duly