Board resolution, application for Government approval and authorisation

Certified true copy of the resolution passed at the meeting of the Board of Directors of [Name of the company] held on [Date of the board meeting] at [place / through video conferencing]

APPLICATION FOR PRIOR APPROVAL OF THE GOVERNMENT OF INDIA FOR FOREIGN INVESTMENT

The Chairperson placed before the Board the term sheet dated [Date of the term sheet] for the proposed [issue / transfer] of [number and class] of the Company to [Name of the investor], and the file note on the entry route dated [Date of the file note on the entry route]. The note concludes that the proposal requires the prior approval of the Government of India because [reason]. The Board noted that no consideration may be received and no instrument issued or transferred until the approval is granted.