APPOINTMENT OF CHAIRMAN OF THE BOARD





"RESOLVED THAT Sh. ______________, a Director of the Company be and is hereby elected as Chairman of the Board of Directors for a term not exceeding ______ years with effect from ___________".

OR

"RESOLVED THAT Sh. ______________, a Director of the Company be and is hereby elected as Chairman of the Board of Directors with effect from ___________ and he shall remain as Chairman unless otherwise decided by the Board."