Suppose ABC ltd. holds shares in XYZ Pvt ltd. , and ABC ltd wants to get splitted its share (one) , then what is the procedure for ABC Ltd and also for XYZ Pvt lt?
what are the required resolutions ?
Resolution to be passed by ABC ltd company in its board meeting to get the its shares splitted , authorisation etc on behalf of the ABC ltd.?
Urgent Pls.
XYZ LTD. required to pass Board Resolution. Format of the said Board Resolution is as under:
SPLIT OF EQUITY SHARES:
The Chairman informed the Board about request received from the Share holder for Split of Share Certificate. After discussion it was unanimously:
“RESOLVED THAT Share Certificate in the name of ABC Ltd. be and is hereby split into two certificates. The Old Certificate be and is hereby cancelled and new Certificates are issued and signed by any two directors and Company Secretary under the Common Seal of the Company in conformity with the Article of Association of the Company.”
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