Resolution for Compensation for Loss of Office

Whereas ‘Mr. N’ was employed for a period of three years as the Managing Director of the

company from 19 and whereas the company wanted to dispense with the services

of the said Managing Director, and whereas the company has duly served notice to the said

Managing Director in terms of clause of the agreement between the company and the

said ‘Mr. N’ governing his terms and conditions as the Managing Director of the company,

in terms of clause of the agreement between the company and said ‘Mr. N’. Now,

therefore, it is hereby resolved that an amount of Rs. be paid to ‘Mr. N’ as compensation

for the loss ofhis office as the Managing Director of the company.”

(c) Resolution for Appointment of Alternate Director

“Resolved that ‘Mr. X’ be and is hereby appointed as alternate director to ‘Mr Y’ during his absence from India and that he shall vacate such office when the

original director