XYZ Foundation, a company registered under Section 8 of the Companies Act, 2013 is engaged in charitable activities and proposes to receive foreign contribution for carrying out its objects. Under the Foreign Contributio

SPECIMEN COPY OF THE RESOLUTION PASSED AT THE FIRST MEETING OF THE BOARD OF DIRECTORS OF XYZ FOUNDATION, HELD ON (DAY), (DATE)____ AT (PLACE) ____ AT (TIME) TO ____ (TIME). "RESOLVED THAT in accordance with the provisions of the Companies Act, 2013, and pursuant to the requirement under the Foreign Contribution (Regulation) Act, 2010, consent of the Board be and is hereby accorded to open a designated bank account in the name of the company with the State Bank of India, New Delhi Main Branch (FCRA Branch), 11 Sansad Marg, New Delhi – 110001, for the exclusive purpose of receiving foreign contribution for carrying out the charitable objects of the Company. RESOLVED FURTHER THAT the said designated bank account shall be used exclusively for receipt of foreign contribution in accordance with applicable law. RESOLVED FURTHER THAT the authorised signatories be and are hereby authorised to operate the account for the purpose stated above. RESOLVED FURTHER THAT Mr./Ms. ____ Director and/or Mr./Ms. ____ Company Secretary of the Company be and is hereby authorised to complete the account opening formalities and KYC compliance and to sign, execute, and submit all applications, forms, declarations, and documents as may be required by the Bank and to do all such acts, deeds and things as may be necessary to give effect to this resolution." For and on behalf of XYZ FOUNDATION Name: Designation: Date: Place: