Board resolution approving remittance to a non-resident shareholder

Certified true copy of the resolution passed at the meeting of the Board of Directors of [Company / resident buyer] held on [DD.MM.YYYY]

REMITTANCE OF [BUY-BACK CONSIDERATION / SALE CONSIDERATION / CAPITAL REDUCTION PAYOUT / DIVIDEND] TO [NAME], A PERSON RESIDENT OUTSIDE INDIA

"RESOLVED THAT the Board approves the payment and outward remittance of Rs [Gross amount to be remitted (Rs)] (gross), less tax deductible at source, to [Non-resident payee's name], a person resident outside India resident in [country], being the [consideration for the buy-back of ___ equity shares accepted under the offer dated ___ / consideration for the purchase of ___ equity shares of ___ under the share purchase agreement dated ___ / amount payable on reduction of share capital confirmed by the National Company Law Tribunal by order dated ___ / final dividend declared on ___].