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Board Resolution

Board Resolution to Recommend Final Dividend

A certified board resolution recommending a final dividend for approval of the members at the AGM.

CERTIFIED TRUE COPY OF THE RESOLUTION

passed at the meeting of the Board of Directors of [Company Name] held on [Date] at [Place]

RESOLVED THAT pursuant to Section 123 of the Companies Act, 2013, and the Articles of Association, a final dividend of Rs. [Amount] per equity share for the financial year [Financial Year] be and is hereby recommended by the Board for the approval of the members at the ensuing Annual General Meeting, payable to shareholders whose names appear on the register as on the record date.

FURTHER RESOLVED THAT [Authorised Person Name], [Designation], be and is hereby authorised to include this recommendation in the Board's Report, arrange payment upon approval by the members, and do all acts required to give effect to this resolution.

Certified to be a true copy of the resolution duly passed by the Board of Directors.

___
[Director/Company Secretary]
DIN/Mem No: [..]

Before you use it — fill in / check

  • Company name
  • Counterparty/details
  • Amount
  • Meeting date

How to use this template

  1. Read through and replace every [bracketed] or blank placeholder with your actual details.
  2. Delete any clause that doesn't apply and add anything specific to your situation.
  3. Click Print / Save as PDF to download, or Copy text to paste into your letterhead.
  4. Get it signed / stamped / notarised as required, and keep a copy for your records.

This is a general, editable template for convenience only — not legal advice. For anything material, have a professional review it. TaxClue isn't liable for how it's used.