Board resolution approving overseas direct investment

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

APPROVAL OF OVERSEAS DIRECT INVESTMENT IN [NAME OF FOREIGN ENTITY]

"RESOLVED THAT pursuant to sections 179(3)(e) and 186 and other applicable provisions of the Companies Act, 2013 and the rules made thereunder, the Foreign Exchange Management Act, 1999, the Foreign Exchange Management (Overseas Investment) Rules, 2022, the Foreign Exchange Management (Overseas Investment) Regulations, 2022 and the Master Direction – Overseas Investment issued by the Reserve Bank of India, and subject to such approvals as may be required, the consent of the Board be and is hereby accorded to the Company making overseas direct investment in [Name of foreign entity], a company incorporated under the laws of [country] ("the Foreign Entity"), by way of [subscription to / acquisition of] [Number of shares] [class] shares representing [__]% of its paid-up equity capital on a fully diluted basis, for an aggregate consideration not exceeding [currency and amount] (approximately Rs [Consideration in rupees (Rs)]), [of which ____ is payable on a deferred basis within ____ months], at a price arrived at on an arm's length basis as supported by the valuation report of [Valuer's name] dated [Date of valuation report];