SPECIMEN OF LETTER FOR ELIGIBILITY U/S 224(1B) OF THE COMPANIES ACT

To

The Board of directors

XYZ Ltd.

Lucknow (UP)

Dear Sir,

In reference to the discussion had with Shri AB, a member of the company, we would like to inform that pursuant to the provisions of section 224(1B) of the Companies Act, 1956, if the appointment made by the members at the annual meeting of the company, it shall be within the ceiling prescribed under the Companies Act, 1956.

Thanking you

Yours faithfully

For ABC & ASSOCIATES

CHARTERED ACCOUNTANTS

Mr. Ramesh

PARTNER