Board resolution for purchase of property
A board resolution for purchase of property approves the company acquiring stated immovable property at a stated consideration and authorises a person to execute the agreement, sale deed and registration formalities. Sub-registrars and sellers rely on the certified true copy as proof the signatory binds the company.
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 purchase [PROPERTY] for a total consideration not exceeding Rs [AMOUNT (RS)], on such terms as [AUTHORISED PERSON (NAME)], [AUTHORISED PERSON (DESIGNATION)], may finalise in the interest of the company.
FURTHER RESOLVED THAT [AUTHORISED PERSON (NAME)] be and is hereby authorised to sign and execute the agreement to sell, sale deed and all related documents, to present them for registration and admit execution before the registering authority, and to do all acts necessary to complete the purchase.
Certified true copy
For [COMPANY NAME]
[NAME]
[DESIGNATION] · DIN: [DIN]
Date: ______________ · Place: ______________
When is this resolution passed?
Pass it before the agreement to sell or sale deed is executed; the authorised person presents the certified copy at registration.
Common questions
Why does a property purchase need a board resolution?
A company executes deeds through authorised persons; the registrar and the counterparty need the board’s authority on record before the deed binds the company.
Does buying property ever need shareholder approval?
Routine purchases are board matters. Selling or leasing the whole or substantially the whole of an undertaking triggers section 180(1)(a), which is about disposal rather than acquisition.
Who signs at the sub-registrar’s office?
The person this resolution authorises to execute and admit execution; carry the certified true copy to registration.
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.