Board resolution for joint venture / shareholders agreement
A board resolution for a joint venture approves the company entering into a joint venture or shareholders agreement with a named counterparty and authorises execution. Where the JV involves subscribing to another company’s shares, the section 186 investment limits and the section 179(3)(e) power ride along.
Last updated: 27 August 2026
Doing this for a client?
OnCompliance drafts this resolution on the company’s letterhead, details filled from the client’s record, records it in the minutes, and files it in the client’s folder — with the notice, minutes and 21 other board documents made the same way.
Fill it in, edit it, download it
The details you type fill the document as you go. Click into the paper to edit any wording, then download it in Word or as a PDF.
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF [COMPANY NAME] (CIN: [CIN]) HELD ON [MEETING DATE] AT [VENUE]
RESOLVED THAT approval be and is hereby accorded to the company entering into a joint venture with [COUNTERPARTY] for [JV PURPOSE], on the terms of the draft agreement placed before the meeting.
FURTHER RESOLVED THAT [AUTHORISED PERSON (NAME)], [AUTHORISED PERSON (DESIGNATION)], be and is hereby authorised to finalise, sign and execute the joint venture agreement, shareholders agreement and all ancillary documents, and to represent the company in the joint venture in all respects.
Certified true copy
For [COMPANY NAME]
[NAME]
[DESIGNATION] · DIN: [DIN]
Date: ______________ · Place: ______________
When is this resolution passed?
Pass it before signing the JV or shareholders agreement; add the investment sanction where the company subscribes to JV equity.
Common questions
Does a JV need more than a board resolution?
The agreement itself is a board matter. Equity subscription into the JV company attracts the section 186 limits, and any related-party dimension brings section 188 into play.
Should the draft agreement be tabled at the meeting?
Yes, approving terms of a draft placed before the meeting is the clean practice; the minutes then anchor what was approved.
Who represents the company on the JV board?
Nominee directors the board designates; that nomination can sit in this resolution or a separate one.
Can OnCompliance draft this for me?
Yes. OnCompliance drafts the resolution on the company’s letterhead with the details filled from the client’s record, records it in the minutes, and files it in the client’s folder, alongside the notice of the meeting and every other board document.