Board Resolution Approving Budget

Company Letterhead

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Email: {{email}}

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BOARD RESOLUTION APPROVING BUDGET

**DATE:** {{date}}

**COMPANY NAME:** {{company_name}}

**COMPANY REGISTRATION NUMBER:** {{company_registration_number}}

PREAMBLE

WHEREAS, the Board of Directors (the “Board”) of {{company_name}} (the “Company”) has reviewed and considered the proposed budget for the financial year commencing {{start_date_financial_year}} and ending {{end_date_financial_year}} (the “Proposed Budget”);

WHEREAS, the Board acknowledges its fiduciary duty to oversee the financial affairs of the Company and to ensure sound financial planning and resource allocation; and

WHEREAS, the Proposed Budget has been presented to the Board by {{presenter_name}}, {{presenter_title}}, and fully discussed by all attending directors.

RESOLVED

1. THAT the Proposed Budget for the financial year {{financial_year}} detailing projected revenues of {{projected_revenues}} and projected expenditures of {{projected_expenditures}}, attached hereto as Annexure A, be and is hereby approved.

2. THAT the management is hereby authorized to implement the budget as approved, ensuring adherence to the allocated funds and financial objectives.

3. THAT any material deviations from the approved budget exceeding {{deviation_percentage}}% shall require immediate notification to the Board and, where necessary, further Board approval.

4. THAT the Chief Financial Officer (CFO) or equivalent, {{cfo_name}}, is mandated to provide regular financial reports, at least quarterly, detailing the Company's financial performance against the approved budget.

5. THAT this resolution shall take effect from {{effective_date_resolution}} and shall remain in force until a new budget is approved for the subsequent financial year.

CERTIFICATION

I, {{secretary_name}}, the duly appointed Company Secretary of {{company_name}}, do hereby certify that the foregoing is a true and accurate copy of a resolution duly adopted by the Board of Directors of the Company at a meeting held on {{meeting_date}}, at which a quorum was present and voting, and that such resolution is in full force and effect.

SIGNATURE BLOCK

_____________________________

Signature of Company Secretary

Name: {{secretary_name}}

Date: {{date}}

ANNEXURE A

Proposed Budget for the Financial Year {{financial_year}} (Attach comprehensive budget document here)