Sec. 49 - Investments of the company not held in its own name - Board Resolution;

Sec. 49 - Investments of the company not held in its own name - Board Resolution;

"RESOLVED that pursuant to section 49(2) of the Companies Act, 1956, hundred equity shares of Rs. 100/- each (distinctive numbers……… to …….) of Prem Infotech Pvt Ltd., be jointly held by this company and Shri. X, a Director of that other company and that the share certificate in respect thereof be kept in the custody of the Company’s bankers,…………. Bank, and that the Secretary of the Company be instructed to enter the particulars in the appropriate register pursuant to section 49(7) of the Companies Act, 1956."