Board Resolution for Approval of Annual Financial Statements

According to Section 134(1) of the Companies Act, 2013 — The financial statement, including consolidated financial statement, if any, shall be approved by the Board of Directors before they are signed on behalf of the Board by the chairperson of the company where he is authorised by the Board or by two directors out of which one shall be managing director, if any, and the Chief Executive Officer, the Chief Financial Officer and the company secretary of the company, wherever they are appointed, or in the case of One Person Company, only by one director, for submission to the auditor for his report thereon.

(Read section 134 and relevant rules in detail to understand the provisions clearly in this regard.)

SAMPLE
Board Resolution for Approval of Annual Accounts / Financial Statements (Balance Sheet, Statement of Profit and Loss, Notes etc)

#. To Approve the Annual Financial Statements for Financial Year 20xx-xx

❝RESOLVED THAT in accordance with the provisions of section 134 and any other applicable provisions of the Companies Act, 2013 and rules made thereunder, including any amendments thereto for the time being in force, the draft annual financial statements for the financial year 20xx-xx including Balance Sheet as at dd/mm/yyyy, the Statement of Profit and Loss for the year ending dd/mm/yyyy along with the notes appended thereto and the Cash Flow statement for the year ending dd/mm/yyyy, placed before the Board and initialed by the Chairman for the purpose of identification, be and are hereby approved.

RESOLVED FURTHER THAT ...(Name)..., Chairman, ...(Name)..., Managing Director and ...(Name)..., Company Secretary of the company, be and are hereby jointly authorized to sign the above mentioned annual financial statements for the financial year 20xx-xx.

RESOLVED FURTHER THAT the signed annual financial statements for financial year 20xx-xx be submitted to the auditors for their report thereon.

RESOLVED FURTHER THAT ...(Name)..., Company Secretary, be and is hereby authorized to sign and file Form AOC-4 and all applicable forms required to be filed with the Registrar of Companies, ............. and to do all such acts, deeds and things as may be necessary to give effect to the foregoing resolution.❞

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Relevant Resolution:

Board Resolution for Approval of Directors Report (Board's Report) - format available here


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NOTE: The resolution sample(s) here is only for reference, to help you with drafting. Do refer the exact provisions of the Act, relevant rules framed thereunder and any other applicable laws to be able to not to miss out anything important while drafting.