Board resolution and application for approval of the fund
A single format from the Gratuity, Superannuation and Employee Trust Deeds pack. s.179(3), Companies Act 2013 · Rule 103, Income-tax Rules 1962.
- 3 pages
- 56
- Word and PDF
- 14 September 2026
What it covers
- 1Board resolution and application for approval of the funds.179(3), Companies Act 2013 · Rule 103, Income-tax Rules 1962
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
PART 1 — CERTIFIED TRUE COPY OF THE RESOLUTION
passed at the meeting of the Board of Directors of [Name of the Company]
held at [Venue of the Board meeting] on [Day of the week of the Board meeting], [Date of the Board meeting authorising the Deed] at [Board meeting start time]
Constitution of the gratuity fund and appointment of trustees
“RESOLVED THAT the Company do establish, with effect from [Date the Fund is established], an irrevocable trust to be known as the [Name of the Company] Employees’ Group Gratuity Fund, for the exclusive benefit of the employees of the Company and their dependants, for the sole purpose of providing gratuity to them in the circumstances permitted by Part C of the Fourth Schedule to the Income-tax Act 1961, and that the draft Deed of Trust with the Rules of the Fund placed before the meeting and initialled by the Chairman for the purpose of identification be and is hereby approved.