A Board Resolution For Authorisation For Sale Of Property is a crucial corporate document required under Indian law when a company intends to sell its immovable property. This document is mandated by the Companies Act, 2013, and must be passed in a valid board meeting with proper quorum. The resolution is necessary to demonstrate corporate authority and intent to sell property, protecting both the company's interests and those of potential buyers. It typically includes detailed property descriptions, authorized sale price, named representatives for executing the sale, and specific powers granted to these representatives. This document is particularly important for regulatory compliance and serves as evidence of proper corporate authorization in property transactions.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Title and Date: Specifies the type of resolution and date of the board meeting
2. Company Details: Full legal name and registration details of the company
3. Meeting Details: Information about the board meeting including venue, time, and quorum details
4. Directors Present: List of directors attending the meeting
5. Chairman: Name of the person chairing the meeting
6. Property Details: Complete description and location of the property being sold
7. Sale Consideration: Agreed sale price and payment terms
8. Authorization: Specific powers granted to authorized representatives
9. Execution Authority: Names and designations of persons authorized to execute documents
10. Document Execution: Authorization to sign and execute all necessary documents
11. Certification: Certification by the Company Secretary or authorized director
1. Mortgage Status: Required if property has existing mortgage or encumbrances
2. Special Conditions: Any specific conditions or restrictions on the sale
3. Shareholder Approval: Required if the transaction needs shareholder approval under Section 180 of Companies Act
4. Regulatory Compliance: Required for listed companies or when specific regulatory approvals are needed
5. Tax Implications: When specific tax considerations need to be addressed
6. Foreign Exchange Considerations: Required if transaction involves foreign parties or FEMA compliance
1. Schedule A - Property Details: Detailed description of property including boundaries, measurements, and title details
2. Schedule B - Title Documents: List of title documents and ownership proof
3. Schedule C - Encumbrance Certificate: Recent encumbrance certificate details
4. Appendix 1 - Board Meeting Notice: Copy of the notice calling the board meeting
5. Appendix 2 - Valuation Report: Independent property valuation report if required
6. Appendix 3 - Power of Attorney: Format of power of attorney for authorized representatives
Relevant legal definitions
Act
Articles
Authorized Representatives
Board
Board Meeting
Chairman
Company
Directors
Memorandum
Property
Purchase Consideration
Purchaser
Registrar
Resolution
Sale Deed
Sale Transaction
Secretary
Title Documents
Transfer Deed
Valuation Report
Applicable Laws
Business Day
Completion Date
Encumbrances
Executing Officers
Property Documents
Regulatory Approvals
ROC
Shareholders
Articles
Authorized Representatives
Board
Board Meeting
Chairman
Company
Directors
Memorandum
Property
Purchase Consideration
Purchaser
Registrar
Resolution
Sale Deed
Sale Transaction
Secretary
Title Documents
Transfer Deed
Valuation Report
Applicable Laws
Business Day
Completion Date
Encumbrances
Executing Officers
Property Documents
Regulatory Approvals
ROC
Shareholders
Clauses
Meeting Details
Quorum Confirmation
Property Description
Sale Authorization
Price Approval
Execution Authority
Document Execution
Bank Account Authorization
Power of Attorney
Legal Compliance
Regulatory Compliance
Tax Matters
Encumbrance Declaration
Title Verification
Signing Authority
Registration Authority
Certification
Record Keeping
Schedule Reference
Further Actions
Quorum Confirmation
Property Description
Sale Authorization
Price Approval
Execution Authority
Document Execution
Bank Account Authorization
Power of Attorney
Legal Compliance
Regulatory Compliance
Tax Matters
Encumbrance Declaration
Title Verification
Signing Authority
Registration Authority
Certification
Record Keeping
Schedule Reference
Further Actions
Relevant Industries
Real Estate
Corporate Services
Legal Services
Property Development
Construction
Manufacturing
Retail
Hospitality
Industrial
Banking and Financial Services
Infrastructure
Relevant Teams
Legal
Corporate Secretarial
Compliance
Real Estate
Corporate Affairs
Asset Management
Property Management
Board Secretariat
Corporate Governance
Risk Management
Relevant Roles
Chief Executive Officer
Company Secretary
Legal Counsel
Chief Financial Officer
Director
Managing Director
Property Manager
Real Estate Manager
Compliance Officer
Corporate Secretary
Board Chairman
Asset Manager
Property Officer
Corporate Governance Officer
Find the exact document you need
Board Resolution For Transfer Of Shares In Demat Form
An Indian corporate resolution authorizing the transfer of dematerialized shares, compliant with Companies Act 2013 and SEBI regulations.
find out more
Board Resolution For Termination Of Lease Agreement
An Indian corporate document recording board approval for terminating a lease agreement and authorizing officers to execute the termination.
find out more
Board Resolution For Renewal Of Bank Guarantee
An Indian corporate document authorizing the renewal of an existing bank guarantee, compliant with Companies Act 2013 and RBI guidelines.
find out more
Board Resolution For Opening Of Suspense Escrow Demat Account
An Indian corporate board resolution authorizing the opening and operation of a suspense escrow demat account, compliant with Companies Act 2013 and SEBI regulations.
find out more
Board Resolution For Grant Of ESOP
An Indian corporate document authorizing the grant of employee stock options, detailing terms and conditions in compliance with Companies Act and SEBI regulations.
find out more
Board Resolution For Forfeiture Of Shares
An Indian corporate document recording the board's resolution to forfeit shares of defaulting shareholders, in compliance with Companies Act, 2013 and relevant regulations.
find out more
Board Resolution For Dormant Company
An Indian corporate document recording the board's resolution to obtain dormant company status under Section 455 of the Companies Act, 2013.
find out more
Board Resolution For Conversion Of Opc To Private Company
An Indian company law document recording the board's resolution to convert from One Person Company (OPC) to Private Limited Company status.
find out more
Board Resolution For Conversion Of Company Into Llp
An Indian board resolution authorizing and documenting the conversion of a company into a Limited Liability Partnership (LLP), in compliance with Indian company law.
find out more
Board Resolution For Company Becoming Partner In LLP
An Indian corporate board resolution authorizing a company's entry as a partner into a Limited Liability Partnership, including investment terms and authorizations.
find out more
Board Resolution For Change Of Registered Office
An Indian corporate document recording the board's formal approval for changing a company's registered office address, governed by the Companies Act, 2013.
find out more
Board Resolution For Authorisation
An Indian corporate document that formally records the board's decision to delegate specific powers or authority to designated individuals or entities.
find out more
Special Resolution For Taking Loan
An Indian corporate resolution authorizing borrowings beyond statutory limits under Section 180(1)(c) of the Companies Act, 2013, requiring 75% shareholder approval.
find out more
Resolution Of Society For Opening Bank Account
An Indian legal document recording a society's formal decision and authorization to open and operate a bank account, including details of approved signatories and banking arrangements.
find out more
Resolution For Appointment Of New Trustee
A legal document under Indian law that formalizes the appointment of a new trustee to an existing trust, compliant with the Indian Trusts Act, 1882.
find out more
Board Resolution For Conversion Of Loan Into Equity
An Indian law-compliant board resolution authorizing the conversion of outstanding loan obligations into equity shares, outlining conversion terms and regulatory compliance requirements.
find out more
Board Resolution For Company Closure
An official resolution under Indian law documenting the Board of Directors' decision and approval for closing down a company's operations.
find out more
Board Resolution For Termination Of Agreement
An Indian corporate document recording the Board of Directors' formal decision to terminate an existing agreement, compliant with the Companies Act, 2013.
find out more
Board Resolution For Subdivision Of Shares
An Indian corporate resolution documenting the board's approval to subdivide company shares into smaller denominations, in compliance with Companies Act, 2013.
find out more
Board Resolution For Issue Of Convertible Notes
An Indian law-compliant board resolution authorizing the issuance of convertible notes, including terms, conditions, and regulatory compliance requirements.
find out more
Unanimous Board Resolution
An Indian corporate document recording unanimous decisions made by a company's board of directors, compliant with the Companies Act, 2013.
find out more
Board Resolution For Redemption Of Debentures
An Indian law-compliant board resolution authorizing and documenting the company's decision to redeem its debentures.
find out more
Board Resolution For Share Purchase Agreement
An Indian corporate document recording board approval for a share purchase transaction, compliant with the Companies Act, 2013.
find out more
Board Resolution For One Person Company
A formal document recording decisions made by the sole director-member of an Indian One Person Company, compliant with the Companies Act, 2013.
find out more
Board Resolution For Demat Account Opening
An Indian corporate governance document authorizing the opening and operation of a company's demat account for securities trading.
find out more
Board Resolution For Change In Shareholding Pattern
An Indian corporate document that formally records and approves changes in company share ownership, compliant with the Companies Act, 2013.
find out more
Appointing A Director By Ordinary Resolution
An ordinary resolution document under Indian company law for appointing a director, including required statutory declarations and compliance documentation.
find out more
Board Resolution To Open Bank Account
An Indian corporate document authorizing the opening of a company bank account and designating account operators, as required under the Companies Act 2013.
find out more
Special Board Resolution
A formal Indian corporate document recording significant Board decisions requiring special majority approval under the Companies Act, 2013.
find out more
Resolution For Transfer Of Shares
An Indian corporate resolution document that formally approves and records the transfer of shares between parties under Indian company law.
find out more
First Board Meeting Resolution
A statutory document under Indian law recording resolutions passed at a company's first board meeting, establishing initial corporate governance framework.
find out more
Board Resolution For Call On Shares
An Indian corporate document recording the board's resolution to demand payment on partly paid shares, specifying call amounts and payment terms under Indian company law.
find out more
Board Resolution For Appointment Of Nominee Director
An Indian corporate resolution documenting the board's approval for appointing a nominee director, as per Companies Act, 2013 requirements.
find out more
Board Resolution For Sale Of Shares Of Subsidiary Company
An Indian corporate resolution documenting board approval for the sale of subsidiary company shares, compliant with Companies Act, 2013.
find out more
Board Resolution For Resignation Of Company Secretary
An Indian company law document recording the Board's acceptance of a Company Secretary's resignation and authorizing related regulatory actions.
find out more
Board Resolution For Purchase Of Shares Of Other Company
An Indian corporate document recording board approval for purchasing shares in another company, compliant with Companies Act 2013 and SEBI regulations.
find out more
Board Resolution For Joint Venture
An Indian law-compliant board resolution documenting approval and authorization for entering into a joint venture arrangement, following Companies Act, 2013 requirements.
find out more
Board Resolution For Increase In Paid Up Capital
An Indian corporate document recording the board's resolution to increase paid-up capital, governed by the Companies Act, 2013.
find out more
Board Resolution For Increase In Authorised Share Capital
An Indian corporate resolution documenting the board's approval to increase the company's authorized share capital, as mandated by the Companies Act, 2013.
find out more
Board Resolution For Declaration Of Dividend
An Indian corporate law document recording the board's formal decision to distribute company profits as dividends to shareholders, in compliance with the Companies Act, 2013.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)