29 November 2011
Suppose a private limited company received Share Application Money One and Half year ago and now it allotted the shares.
Now my question is that whether any board meeting is required to receive the share application and any further board meeting is required to be held till the date of allotment? Whether anything to be considered in the Minute Book or not?
If yes, then provide me the draft of the minutes of meeting in which share application money is received and any further board meeting held.
02 December 2011
At every stage Board Meeting should be done... and proper noting should be done in the minutes... regarding allotment of shares shares can only be allotted after duly held Board Meeting and after passing BR for allotment of shares.
"RESOLVED THAT .... shares of Rs. ... each be and is hereby allotted to .........."
"RESOLVED FURTHER THAT new equity shares shall rank pari passu to the earlier issued equity shares."
"RESOLVED FURTHER THAT Shri ........, Shri......., Director of the company and Shri...... Authorised Signatory/ Company Secretary of the company be and is hereby authorised to sign on the share certificate."
"RESOLVED FURTHER THAT Shri.... Director of the company be and is hereby authorised to do all such acts, deeds and things as may be necessary to give effect to the above resolution.