Draft Board Resolution for Allotment of Shares for Cash

Board-Resolution-Allotment-of-Shares-for-Cash

Draft Board Resolution for Allotment of Shares for Cash


"RESOLVED THAT pursuant to the letter of Offer for issuance of shares and the approval of the members _____________ equity shares of Rs._____ each be and are hereby allotted to the persons as per list tabled before the Board and initialled by the Chairman for purposes of identification, and as shown against their respective names.”

RESOLVED FURTHER THAT share certificates in respect of the shares allotted as aforesaid be issued to the said persons under the common seal of the company and under the signatures of any two directors of the company and counter signature of the Company Secretary.”

RESOLVED FURTHER THAT the Company Secretary of the Company be and is hereby authorized to file e-Form PAS-3 with the Registrar of Companies for and on behalf of the Company.”

RESOLVED FURTHER THAT in respect of the above said ___________ Fully paid up Equity Shares of  Rs.____ each of the Company be issued to the said allottees and the entries be made in the Register of Members of the Company.”


RESOLVED FURTHER THAT Shri ________ and Shri _________, be and are hereby authorised to sign the Share Certificates for and on behalf of the Board of directors of the Company and the Common Seal, if any, of the Company be affixed in presence of above said two directors.”

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