Give a specimen of Board resolution appointing John as the Managing Director of a company, who is already the Managing Director of another company.

The Chairman informed the meeting that: Mr. John is the managing director of M/s Ltd., __________ which is a wholly-owned subsidiary of the company. For administrative convenience and better functioning of both the companies, this company is desirous of appointing the said Mr. __________ as its managing director and the said Mr. __________ is willing to accept the appointment as managing director of this company without any remuneration. Mr. John is already a director of this company and is competent and not disqualified to be appointed as the managing director of this company and pursuant to proviso to sub-section (3) of section 203 of the Companies Act, 2013, due specific notice of this meeting and of the proposed resolution has been given to all the directors for the time being present in India. The meeting discussed the matter and passed the following resolution: "RESOLVED THAT consent of all the directors present at the meeting be and is hereby accorded to the appointment of Mr. John, who is the managing director of __________ Ltd., as the managing director of this company without any remuneration and the managing director shall exercise such powers and performs such functions as the Board of directors may, from time to time require him to exercise and perform."