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Board resolution format for refund of share allotment money

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priyanka singh

priyanka singh (Querist)
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08 April 2013 Plz provide board resolution format for share application money refund

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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09 April 2013 "RESOLVED that taking this view that the minimum subscription not having been reached and pursuant to Section 69(5) of the Companies Act, 1956, the share application money received by the company be refunded to the applicants and the Secretary of the Company be instructed to inform the applicants accordingly."

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