RESOLUTION FOR FIXDEPOSIT

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Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2009 FIX DEPOSIT FOR 4 LAC

Ankur Garg

Ankur Garg (Expert)
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27 November 2009 Approving advertisement for public deposit:

RESOLVED that the company do invite and accept deposits from public within the limits prescribed under Rule 3 of Companies (Acceptance of Deposit) Rules 1975, on the basis of its audited accounts for the year ended.............as under:

a. Upto Rs. ......... from shareholders being 10% of its paid-up capital and free reserves, and
b. Upto Rs. ......... from public being 25% of the said capital and free reserves.
At rates of interest indicated against each scheme incorporated on the terms and conditions and that the draft application form with rules and conditions laid on the table of the Board, duly initialed by the Chairman, be and is hereby approved.â€

RESOLVED FURTHER that the text of advertisement placed at the meeting be and is hereby approved and the Company Secretary be and is hereby authorised to file the advertisement duly signed by a majority of the Directors with the Registrar of Companies as required under the Rules and publish the same in two newspapers as prescribed.

RESOLVED FURTHER that Mr. ............... and Mr. ................ be severally authorised to sign and issue the Deposit receipts by the due date.

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