Board Resolution For Constitution of Share Transfer Committee


Board Resolution For Constitution of Share Transfer Committee

The Chairman informed the Board that, with the increasing number of transfers, it was impractical to wait for Board Meetings to approve such transfers. He suggested that a Committee be constituted for this purpose. The Board agreed and passed the following Resolution :

RESOLVED THAT a Committee of Directors named the Share Transfer Committee, consisting of Mr. C. D., Mr. G.H., and Mr. K.L. be and is hereby constituted to approve of registration of transfer of shares received by the company and further to :

1.  approve and register transfer/transmission of shares.
2.  sub-divide, consolidate and issue share certificates.
3.  authorise affixation of the Common Seal of the company.
4.  issue share certificates in place of those which are damaged, or in which the space for endorsement has been exhausted, provided the original certificates are surrendered to the company.”

RESOLVED FURTHER THAT two Directors shall form the quorum for a meeting of the said Committee.”

"RESOLVED FURTHER THAT Shri ………….. be and is hereby authorized to do all such acts, deeds, matters and things as deem necessary, proper or desirable for the purpose of giving effect to the aforesaid resolution”.

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