Board Resolution - Resignation of Director

TYPE OF MEETING BOARD MEETING TYPE OF RESOLUTION SIMPLE MAJORITY CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF (NAME OF THE COMPANY) HELD AT THE REGISTERED OFFICE OF THE COMPANY AT (ADDRESS) ON (DATE) AT (TIME)

The Chairman informed the Board that (Name of the person resigned) vide his letter dated (Date of resignation letter) has resigned from the Board of the Company. Thereafter, he placed the resignation letter of (N ame of the person resigned) before the Board for its consideration. The Board discussed the matter and thereafter passed the following resolution unanimously:

RESOLVED THAT the resignation of (Name of the person resigned) from the directorship of the Company be and is hereby accepted with immediate effect".

"RESOLVED FURTHER THAT the Board places on record its appreciation for the assistance and guidance provided by (Name of the person resigned) during his tenure as Director of the Company".

"RESOLVED FURTHER THAT (Name of the person(s) authorized) be and are hereby severally authorized to do all the acts, deeds and things which are necessary to the resignation of aforesaid person from the directorship of the Company.

1/1