Board Resolution for Issue Of Eqity Shares

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Saurabh Jindal (Querist)
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30 June 2009 Hi Experts!
Please any one give me a Board Resolution for Issue Of Eqity Shares along with relevant provisions & a resolution for calling a Extraordinary General Meeting for This purpose

Ankur Garg

Ankur Garg (Expert)
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30 June 2009 Hi,

Yes, a company may increase its issued capital by issue further equity shares up to the limit of its authorised capital.

For further allotment of equity shares Return of allotment is required to be submitted u/s 75 by filing form-2 with concerned Registrar of Company.

Procedure

1. First convene Board Meeting for allotment of equity shares and pass necessary board resolution for allotment.
2. Download form-2 from MCA Site www.mca.gov.in
3. Fill form-2 and attach list of allottee.
4. Get form-2 certified from practicing CS/CA and upload the same on MCA Site.

In your case you are simply allotting equity shares to increase your issued capital hence no need to pass ordinary resolution by shareholders by calling a Extraordinary General Meeting.

Regards

Message likes : 1 times

Ankur Garg

Ankur Garg (Expert)
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30 June 2009 If you need sample board resolution for allotment of equity shares then send me a testmail at "ankur_gargcs@rediffmail.com".

I'll send you the same.

Regards

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