Sec. 46 - Contract by the company for franchisee agreement - Board Resolution;

Sec. 46 - Contract by the company for franchisee agreement - Board Resolution;

"RESOLVED that Shri……., a Director of the company, be and is hereby authorized to negotiate with the opposite parties, detailed as per the list tabled before the meeting, on the basis of the standard terms and conditions of the form of franchisee agreement, as approved by the Board at its meeting held on…….,201……

RESOLVED further that Shri……., be and is hereby authorized to alter or make suitable changes or modify the provisions of clauses 10,23,26 and 29 of the said standard agreement form in suitable cases at his sole discretion and under in his power.

RESOLVED further that the said Shri………, be and is hereby authorized to sign such franchisee agreement(s) in the name and on behalf of the company."