New branch offices may be opened by a company either to expand the business by selling products there or to carry out only back office works like documentations or to simply shift another branch office which is being closed down or for any other reasons. The approval of the board of directors or senior management is necessary in this regard.
The definition of "branch office" is given under sub-section (14) of section 2 of the Companies Act, 2013.
Following is a template of board resolution, which can be used to give approval and authorisation to the management for opening of a new branch office of the company.
The definition of "branch office" is given under sub-section (14) of section 2 of the Companies Act, 2013.
Following is a template of board resolution, which can be used to give approval and authorisation to the management for opening of a new branch office of the company.
SAMPLE #1
#. To Open a New Branch Office at (Location)
“RESOLVED THAT in pursuance with the provisions of Section 2(14) of the Companies Act, 2013, including any amendment thereto, the consent of the Board of Directors be and hereby accorded to establish a new branch office of the company at .............(full address or locality name)......... and the branch be called '............ branch' of the company.
FURTHER RESOLVED THAT the premises required for establishing the branch be acquired on Leave and License arrangement basis with a monthly rental up to Rs. ..................
FURTHER RESOLVED THAT (Name of the Officer), (Designation) be and is hereby authorised for completing all formalities for setting up the ............. branch including the authority to sign and execute all the document(s) or instrument(s) and to do all such acts, deeds and things as may be necessary in this connection.
FURTHER RESOLVED THAT a certified true copy of the foregoing resolution be forwarded to all such statutory authorities and other parties as necessary under the signature of (Name of the Director/ CS), (Designation).”
SAMPLE #2
#. To Open a New Branch Office at (Location)
“RESOLVED THAT a new branch office of the company be opened at (city/locality name) and the same be called ............. branch.
RESOLVED FURTHER THAT (Name of the Director), (Designation) and (Name of the Officer), (Designation) be and is hereby severally authorised to finalise the premises of the branch as may be best suitable for it on Leave and License arrangement basis with a monthly rental in the range of Rs. ............... to Rs. ............... and to complete all formalities for setting up the branch office including the authority to sign and execute all the document(s) or instrument(s) and to do all such acts, deeds and things as may be necessary in this connection.”
#. To Open a New Branch Office at (Location)
“RESOLVED THAT a new branch office of the company be opened at (city/locality name) and the same be called ............. branch.
RESOLVED FURTHER THAT (Name of the Director), (Designation) and (Name of the Officer), (Designation) be and is hereby severally authorised to finalise the premises of the branch as may be best suitable for it on Leave and License arrangement basis with a monthly rental in the range of Rs. ............... to Rs. ............... and to complete all formalities for setting up the branch office including the authority to sign and execute all the document(s) or instrument(s) and to do all such acts, deeds and things as may be necessary in this connection.”
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