Board Resolution
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 October 2010
Please send me the board resoltion format for approving the sub division of share capital in board meeting
Ankur Garg
(Expert)
05 October 2010
RESOLVED THAT subject to the provisions of section 94 and all other applicable provisions, if any, of the Companies Act, 1956 and the provisions of Article __ of the Articles of Association of the Company, each of the existing issued Equity Shares of Rs. 100 each in the issued, subscribed and paid-up capital of the Company, be and is hereby sub-divided into 10 (ten) Equity Shares of the face value of Rs. 10 each paid-up.
RESOLVED FURTHER THAT each of the existing unissued Equity Shares of Rs. 100 in the authorised capital of the Company be and is hereby sub-divided into 10 (ten) Equity Shares of the face value of Rs. 10 each and that consequential amendments be made to Clause V of the Memorandum of Association and Article __ of the Articles of Association of the Company.
RESOLVED FURTHER THAT each of the existing unissued Equity Shares of Rs. 100 in the authorised capital of the Company be and is hereby sub-divided into 10 (ten) Equity Shares of the face value of Rs. 10 each and that consequential amendments be made to Clause V of the Memorandum of Association and Article __ of the Articles of Association of the Company.
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