draft special resolution under section 81(1A)

Please send me a draft of special resolution  under section 81(1A) of companies Act, 1956 for the unlisted public companies with explanatory statment and disclosure requirements of unlisted public companies (preferential allotment ) rules 2003..

Kumar Reddy

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To consider and if thought fit to pass with or without modification the following resolution as a  Special Resolution:

“RESOLVED THAT pursuant to Section 81(1A) of The Companies Act 1956, 1,00,000 equity shares of Rs. 10/- each being the unissued shares capital of the company, be issued at par or at premium and allotted to any person or persons or in such manner and at such time as the Board of directors may deem fit.”

By Order of the Board of Directors

                                                                                                          For ABC Limited

                                                                                                                                                                                                                                       (Director)                                                                                                                   

Explanatory Stateme

Item No. 3

The Authority to further allotment of shares & issue of shares under the Companies Act, 1956 is with the shareholders of the company. And at the time of allotment of shares the meeting of shareholders is have to call upon. It is suggested to delegate the authority to the Board of Directors of the company for issue the additional available authorized share capital i.e. 1,00,000 Equity Shares of Rs. 10/- each increased by above mentioned resolutions.

The proposed resolution is to be passed as a special resolution.

None of the directors is concerned or interested in the proposed resolution..

By Order of the Board of Directors

                                                                                                       For ABC Limited

                                                                                                             (Director)