Draft the resolution for according approval to the appointment of relative of the Managing Director of the company on the place of profit, stating the authority and type of resolution. Assume the details as required.

Authority: Shareholders Type of Resolution: Ordinary "Resolved that pursuant to the provisions of Section 188(1)(f) of the Companies Act, 2013 (the Act), read with Companies (Meetings of Board and its Powers) Rules, 2014 and other applicable provisions, if any, of the Act including any statutory modification(s) or re-enactment thereof for the time being in force and as may be enacted from time to time, the consent of the members be and is hereby accorded to the appointment of Mr. Ajay Khanna, son of Mr. Abhay Khanna, Managing Director of the company, for holding the place of profit, as Head (Marketing) w.e.f. 1st May, 2020, at the remuneration of ₹2,75,000/- per month and on other terms and conditions of appointment detailed in the statement attached to the notice convening this meeting. Resolved further that the consent of the members be and is hereby accorded to the Board of Director, to decide the change in designation/revisions in the remuneration payable to Mr. Ajay Khanna from time to time in accordance with the company's policy on performance measurement and such other applicable/relevant policies and to perform and execute all such acts, deeds, matters and things, as may be deemed necessary, proper or expedient to give effect to this resolution and for the matters connected herewith or incidental hereto." OR Authority: Board Type of Resolution: Board Resolution "Resolved that pursuant to the provisions of Section 188(1)(f) of the Companies Act, 2013, read with the Companies (Meetings of Board and its Powers) Rules, 2014 and other applicable provisions, if any, of the Act including any statutory modification[s] or re-enactment thereof for the time being in force and as may be enacted from time to time, the consent of the Board of Directors of the Company be and is hereby accorded for the appointment of Mr. Ajay Khanna, son of Mr. Abhay Khanna, Managing Director of the company, for holding the place of profit, as Head (Marketing) w.e.f. 1st May, 2020, at the monthly remuneration of ₹1,00,000/- and on other prescribed terms and conditions. Resolved further that the consent of the Board be and is hereby accorded to decide the change in designation/revisions in the remuneration payable to Mr. Ajay Khanna from time to time in accordance with the company's policy on performance measurement and such other applicable/relevant policies and to perform and execute all such acts, deeds, matters and things, as may be deemed necessary, proper or expedient to give effect to this resolution and for the matters connected herewith or incidental hereto."