Format of board resolution for allotment of shares post reciept of share application Money

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This query is : Resolved

Chaitanyaa (Querist)

15 July 2022 Please guide the procedures adopted by a Company post receipt of share application money and also the format of Board Resolution for allotment of shares.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

07 July 2024 [Date]

RESOLVED THAT pursuant to the provisions of the Companies Act, 2013 and the Articles of Association of the Company, consent of the Board be and is hereby accorded for the allotment of [Number] equity shares of Rs. [Amount] each fully paid-up to the following applicants who have paid the requisite application money:

| Name of Applicant | Number of Shares Allotted | Amount Paid (Rs.) |
|------------------------|---------------------------|-------------------|
| [Name of Applicant 1] | [Number of Shares] | [Amount] |
| [Name of Applicant 2] | [Number of Shares] | [Amount] |
| [Name of Applicant 3] | [Number of Shares] | [Amount] |
| ... | ... | ... |

FURTHER RESOLVED THAT the Chairman and any Director of the Company be and are hereby authorized to sign and execute all necessary documents, instruments, and share certificates in relation to the said allotment of shares.

FURTHER RESOLVED THAT the Company Secretary be and is hereby authorized to file the necessary forms with the Registrar of Companies (ROC) and undertake all necessary compliance requirements in relation to the said allotment.

The Chairman informed the Board that all necessary statutory compliances and regulatory approvals have been obtained in relation to the said allotment of shares.

Certified True Copy

For and on behalf of the Board of Directors

[Signature of Chairman/Authorized Director]
[Name of Chairman/Authorized Director]
[Designation]
[Company Name]

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