The President has informed the Board of Directors, as you know, that your company is continually looking at various opportunities for global growth and, given the emerging opportunities in the healthcare management sector, your company plans to provide an integrated facility for the healthcare management segment consisting of state-of-the-art facilities. He added that the Corporation`s funds will be used for the above purposes for various activities in the trenches as a requirement from time to time. Therefore, it is proposed to invest the company`s funds that are not immediately needed in units of existing/new mutual fund systems, whether open or closed systems managed by one or more reputable fund houses. The Board of Directors discussed the matter and recommended the following resolution for shareholder approval at its General Meeting: -No section 186 shareholder approval is required for the temporary investment of surplus or unused funds in any of the mutual funds managed by the Trust, although the investment exceeds the specified limit. Temporary investment of the company`s funds in one of the investment funds managed by the trusts This document consists of a draft resolution of the board of directors to make a temporary investment of the funds in one of the investment funds managed by the trust, as well as a preamble in editable word format, which makes it convenient to use and save the time and effort of a professional. FURTHER DECIDED THAT MR. /Mrs. [•] [name and surname of authorized person] of the Company, is and is hereby authorized to sign and file all papers, deeds and documents and to do all acts, deeds and things deemed appropriate and incidental in order to implement this decision. “DECIDED that, in accordance with the provisions of Section 179(3)(e) and any other applicable provisions of the Companies Act 2013 in connection with the rules contained therein (including any legislative amendments or reintroductions therein, in force at this time) and subject to the limitations set out in Section 186 in conjunction with Rule 11 of the Rules of The Companies (meetings of the Board of Directors and its powers), In 2014, the approval of the Board of Directors of the Company is granted and is hereby granted to invest the Company`s surplus fund until Rs. . .
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