Board resolution format
Manish G. Agrawal (Chartered Accountants) (14 Points)
22 December 2007Manish G. Agrawal (Chartered Accountants) (14 Points)
22 December 2007
Mangesh
(Manager - F&A)
(23 Points)
Replied 31 December 2007
shilpa
(company secretary in practice)
(148 Points)
Replied 02 January 2008
Neha Amol Limaye
(Company Secretary)
(52 Points)
Replied 27 May 2008
CASH CREDIT FACILITY
The Chairman informed that in order to finance the working capital of requirements of the Company, it had become necessary for the Company to approach the Company's bankers for cash credit facility upto Rs………….. Accordingly the following resolution was
proposed by Mr…… and seconded by ………..
"RESOLVED THAT the Company do obtain cash credit facility upto Rs………… from the …………. Branch, Pune on such terms and conditions as may be stipulated while sanctioning the loan.
FURTHER RESOLVED THAT ………………, Directors of the Company be and are hereby severally and jointly authorised to approach the above Bank, submit application, letters, information, statement submissions under their signatures and to represent, negotiate and finalise the terms and conditions of the said loan on behalf of the Company.
FURTHER RESOLVED THAT Mr………………, Directors be and are hereby authorised to execute the related loan documents including hypothecation deed, undertakings, promissory notes, guarantees etc. as may be required by the bank on behalf of the Company and that the common seal of the Company
be affixed on such documents in the presence of the above directors."
Neha Amol Limaye
(Company Secretary)
(52 Points)
Replied 27 May 2008
NOTICE
Notice is hereby given that an Extraordinary General Meeting of the members of the Company will be held on ….day, ………….., 200……. at 10:00 a.m. at the registered office of the company to transact the following business:
1. To consider and if thought fit, to pass, with or without modification, the following resolution as an ORDINARY resolution: -
"RESOLVED THAT subject to Section 94 and other applicable provisions; if any, of the Companies Act, 1956, the Authorised Share Capital of the Company be and is hereby increased from Rs. ……./- (Rupees ……. only) to Rs. ………/- (Rupees Five Crores only) by creation of additional ………./- (…………) equity shares of Rs. 10/- each ranking pari passu with the existing equity shares of the Company in all respects."
2. To consider and if thought fit, to pass, with or without modification, the following resolution as a SPECIAL resolution: -
"RESOLVED THAT subject to Section 16 and other applicable provisions ; if any of the Companies Act, 1956, Clause V (a) of the Memorandum of Association of the Company be deleted and substituted by the following ;
V. (a) The Authorised Share Capital of the Company is Rs. ………/- (Rupees ………. only) divided into ………. (……….) Equity Shares of Rs. 10/- (Rupees Ten only) each and with a power to increase or reduce the same."
Place : PUNE BY ORDER OF THE BOARD
Date :
DIRECTOR
NOTES:
1. A MEMBER ENTITLED TO ATTEND AND VOTE IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF HIMSELF AND A PROXY NEED NOT BE A MEMBER.
2. As per the provisions of Article ….. of the Articles of Association of the Company, provisions of Section 173(2) do not apply to the Company. Hence, explanatory statement as required under Section 173(2) is not annexed.
Neha Amol Limaye
(Company Secretary)
(52 Points)
Replied 27 May 2008
Neha Amol Limaye
(Company Secretary)
(52 Points)
Replied 27 May 2008
Preeti Gandhi
(Company Secretary)
(90 Points)
Replied 03 June 2008
1 | Check authority in AOA (Sec 94) |
2 | If AOA authorises passing of special resolution for increase, then special resolution need to be passed otherwise ordinary resolution will do |
3 | Convene a Board Meeting to consider the increase and fixing the date, time and venue for EGM for taking shareholders approval |
4 | Conduct EGM and pass the following resolutions |
a | Increase in authorised capital (Section 94(1)(a) |
b | Alteration of MOA – capital clause |
c | Alteration of AOA – incase it contains any clause mentioning the authorised capital |
5 | Fill in E form 5, leaving the signatures and get it stamped from Tis Hazari Court – stamp duty 0.15% of increase in capital |
6 | File E Form 5 at MCA portal along with copy of resolution and explanatory statement, Altered MOA, Altered AOA, stamped E Form 5 and its receipt – fees – as per sch X- Clause 3 – registeration fees on new capital less registration fees on old capital |
7 | Simultaneously submit the challan of E form 5 along with original stamped copy of E form 5 at the ROC office, Nehru Place |
8 | In case special resolution for increase is required then first file E Form 23 and then file E form 5 at MCA Portal |
Regards
Preeti Gandhi
sini
(acc)
(20 Points)
Replied 24 June 2008
1. Special Resolution for Alteration in Memorandum of Association for object clause
2. Notice on Alteration in Memorandum of Association for object clause
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)