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.”