Board resolution draft for allotment of shares

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pavan kumar (Querist)
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14 November 2014 Dear Sir(s)
Company to allot the shares in private placement
Request your advise regarding the allotment of shares.
resolutions format

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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19 November 2014 DRAFT RESOLUTION

“RESOLVED THAT pursuant to the provisions of Section 42, 62(c) and other provisions, applicable, if any, of the Companies Act, 2013 read with Companies (Prospectus and allotment of Securities) Rules, 2014 and the Companies (Share Capital and Debentures) Rules, 2014 including any statutory enactment, modification etc. thereto, the consent of the Board of Directors of the Company be and is hereby accorded for an allotment of _________(__________________) Equity Shares of Rs. __________(Rupees____________) each of the Company at par, distinctively numbered from ____________ to ________________(both inclusive), to_______________ from whom the Company has received share application money aggregating to Rs. ______________/- (Rupees ___________________________).

RESOLVED FURTHER THAT the said Equity Shares shall rank pari-passu with existing Equity Shares in all respects.

RESOLVED FURTHER THAT any of the Director of the Company be and is hereby authorized to file Return on Allotment of aforesaid shares in E-Form No. PAS-3 or such other applicable form from time to time with the Registrar of Companies / Ministry of Corporate Affairs by affixing Digital Signature thereto.

RESOLVED FURTHER THAT the Share Certificate for the shares allotted as aforesaid be issued to abovementioned allottee under the signatures of any two Directors and Mr. ______________________ as Authorised signatory of the Company and the Common Seal of the company be affixed on the share certificate as per the Articles of Association of the Company.

RESOLVED FURTHER THAT necessary entries in respect of issue and allotment of aforesaid shares be made in the Register of Members.

RESOLVED FURTHER THAT any of the Director of the Company be and is hereby authorized to intimate above allotment to Depositories and/or R&T agents by submitting necessary documents and to do all such acts, deeds, matters and things which may deem necessary, pertinent, desirable, incidental in this regard.”

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