Single format · FV08-E8-1

Board resolution, disinvestment of shares in an overseas subsidiary

A single format from the Restructuring, Disinvestment, Write-off and Closure of an Overseas Entity pack. Companies Act 2013 · FEM (OI) Rules 2022, Rules 16-17.

Length
2 pages
Blanks to fill
32
Files
Word and PDF
Law stated to
16 September 2026

What it covers

  1. 1Board resolution, disinvestment of shares in an overseas subsidiaryCompanies Act 2013 · FEM (OI) Rules 2022, Rules 16-1732 blanks

Read the opening

The first part of the format, as it downloads. Blanks are highlighted.

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

DISINVESTMENT OF THE COMPANY'S HOLDING IN [NAME OF FOREIGN ENTITY]

The Board considered the proposal to sell [Number of shares being sold] [class] shares, being [__]% of the issued share capital of [Name of foreign entity], [Foreign entity's country] ("the Foreign Entity"), UIN [Foreign entity's UIN], to [Name of buyer], [Buyer's country] ("the Buyer"), together with the valuation report of [valuer] dated [Date of the valuation report], the note on compliance with Rules 16 and 17 of the Foreign Exchange Management (Overseas Investment) Rules, 2022, and the note on tax and accounting consequences, all of which were placed before the meeting. It was

6 more paragraphs and tables follow in the full format.

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