APPOINTMENT OF CHAIRMAN OF THE BOARD 

“RESOLVED THAT Sh. ______________, a Director of the Company be and is hereby elected as Chairman of the Board of Directors for a term not exceeding ______________ years with effect from ______________________________”. 

OR 

“RESOLVED THAT Sh. ___________________________, a Director of the Company be and is hereby elected as Chairman of the Board of Directors with effect from _____________________ and he shall remain as Chairman unless otherwise decided by the Board.”