Board Resolution For Execution of Sale Deed

Board Resolution for Execution of Sale Deed
Date: [Insert Date]
Venue: [Insert Location]
Present:
1. [Name of Chairman/Managing Director]

2. [Name of Director 1]
The meeting was called to order by [Chairman's Name] at [Insert Time].
Opening Remarks:
The Chairman began the meeting by welcoming the directors and expressing gratitude
for their attendance. The purpose of the meeting was stated as the consideration and
approval of the execution of a sale deed for the property located at [Property Address],
hereinafter referred to as the "Property."
Background and Proposal:
The Board reviewed the background information related to the Property, including its
acquisition history, current market value, and potential for sale. A detailed proposal for
the sale, including terms, conditions, and the proposed buyer, was presented to the
Board for discussion.
Deliberation and Decision:
1. The Board engaged in a comprehensive discussion regarding the sale proposal,

taking into account factors such as market trends, legal considerations, financial
impact, and strategic alignment with the Company's objectives.
2. After careful deliberation and analysis of the proposal, it was resolved by

unanimous decision that the Company shall proceed with the sale of the Property
as per the terms and conditions outlined in the proposal.
Terms and Conditions of Sale:

1. Sale Price: The sale price for the Property is determined to be [Amount in
Numbers] (Amount in words), payable in [Specify Payment Terms, e.g., lump sum,
installments, etc.].
2. Buyer: The buyer of the Property shall be [Buyer's Name], a [Buyer's Description,
e.g., individual, company, etc.]. The Board reviewed and approved the buyer's
credentials and financial capability to complete the transaction.
3. Terms of Sale: The terms and conditions of the sale, including warranties,
representations, and any special provisions, are as per the agreement executed
between the Company and the Buyer.
Authorization for Execution and Compliance:
1. The Board hereby authorizes and empowers [Authorized Person's Name],

[Position], to act on behalf of the Company in all matters related to the sale of
the Property, including but not limited to executing the sale deed, transfer
documents, agreements, and any ancillary documents necessary for the
completion of the transaction.
2. [Authorized Person's Name] is further authorized to represent the Company

before any governmental or regulatory authorities, signatories, or agencies
involved in the transfer of title and possession of the Property to the Buyer.
3. The Company Secretary is directed to ensure strict compliance with all legal
formalities, including obtaining requisite approvals, registrations, and filings with
the relevant authorities, and maintaining accurate and up-to-date records of the
sale transaction.
Record-Keeping and Reporting:
1. The Company Secretary shall maintain a comprehensive record of all documents

related to the sale, including but not limited to the sale deed, agreements,
correspondence, approvals, and financial records.
2. The Board requests periodic updates from the Company Secretary regarding the
progress of the sale transaction, including any significant developments or
challenges encountered during the process.
Annexure: Property Details

1. Property Address: [Property Address]
2. Description: [Brief description of the Property]
3. Area: [Area of the Property in square meters/feet]
4. Title Details: [Title deed details, including registration number, date of
registration, etc.]
5. Encumbrances: [Any encumbrances or liens on the Property, if applicable]
6. Market Value: [Current market value of the Property as assessed by a certified
valuer]
Execution and Implementation:
1. The Chairman of the Board, [Chairman's Name], or in his absence, the Managing
Director, [Managing Director's Name], is authorized to attest and affix the
common seal of the Company on all documents related to the sale of the
Property.
2. The Board authorizes [Authorized Person's Name] to take all necessary actions,
make representations, and sign any additional documents or agreements as may
be required to give effect to this resolution and ensure the successful execution
and implementation of the sale transaction.
Conclusion:
The Board acknowledges and affirms that the decision to proceed with the sale of the
Property is made in the best interest of the Company and aligns with its strategic goals
and objectives. This resolution shall take effect immediately upon adoption.
[Signature of Chairman/Managing Director] [Name of Chairman/Managing Director]

Board Resolution For Execution of Sale Deed

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Board Resolution for Execution of Sale Deed

Date: [Insert Date]

Venue: [Insert Location]

1. [Name of Chairman/Managing Director]

The meeting was called to order by [Chairman's Name] at [Insert Time].

Background and Proposal:

Deliberation and Decision:

1. The Board engaged in a comprehensive discussion regarding the sale proposal,

2. After careful deliberation and analysis of the proposal, it was resolved by

Terms and Conditions of Sale:

Authorization for Execution and Compliance:

1. The Board hereby authorizes and empowers [Authorized Person's Name],

2. [Authorized Person's Name] is further authorized to represent the Company

Record-Keeping and Reporting:

1. The Company Secretary shall maintain a comprehensive record of all documents

Annexure: Property Details

Execution and Implementation:

[Signature of Chairman/Managing Director] [Name of Chairman/Managing Director]

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