Draft Board Resolution for Approval of Self Prospectus


As per the provisions of Section 31 of Companies Act 2013 any class or classes of companies, as the Securities and Exchange Board may provide by regulations in this behalf, may file a shelf prospectus with the Registrar at the stage of the first offer of securities included therein which shall indicate a period not exceeding one year as the period of validity of such prospectus which shall commence from the date of opening of the first offer of securities under that prospectus, and in respect of a second or subsequent offer of such securities issued during the period of validity of that prospectus, no further prospectus is required.

Draft Board Resolution for Approval of Self Prospectus

RESOLVED THAT pursuant to the provisions of section 31 and other applicable provisions, if any, of the Companies Act, 2013 (Act) read with rule 10 of the Companies (Prospectus and Allotment of Securities) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force) the consent of the Board be and is hereby accorded to file shelf prospectus and the draft of the same which offering _________ equity shares of face value of Rs. ______ of the Company as placed before the board duly initialed by the chairmen for the purpose of identification, be and is hereby approved and adopted and that a copy of such shelf prospectus signed by all the Directors named therein or by their authorized attorney along with the other required documents/declarations/reports be delivered to Registrar of Companies for registration thereof along with SEBI before the date of its publication.” 

“RESOLVED FURTHER THAT the application forms for subscribing the offer along with the terms and conditions contained therein which are to accompany such shelf prospectus be and are hereby approved.” 

RESOLVED FURTHER THAT Shri _______ of the company be and is hereby authorized to make any necessary addition(s)/alteration(s)/modification(s) in such draft shelf prospectus and to file form PAS-2 within the prescribed time to Registrar along with such fee as provided in the Companies (Registration of offices and fees) Rules, 2014 and to do all acts and take all such steps as may be necessary, proper or expedient to give effect to the aforesaid resolution.”

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