format of resolution

Hi,

Find below the desired resolution:

Draft Resolution for Allotment of shares for consideration other then cash

“RESOLVED THAT in terms of a contract dated the ………….2009…….entered in to between the Company and ABC, being a contract (for service) in respect to the land belonging to such allottee for which a value of Rs. 1,00,00,000 has been agreed upon and in consideration thereof, 10,00,000 fully paid equity shares of Rs. 10/- each having distinctive numbers from……….to…………be and are hereby allotted to the said ABC in satisfaction of the agreed purchase price of the land fully described in the in separate deed of conveyance produces before the meeting.

RESOLVED FURTHER THAT any Director or Company Secretary of the Company be and is hereby authorized to file with the Registrar of Companies a return of allotment in form 2 with the copies of the relevant contract and the deed of conveyance constituting the title of the allottee duly verified in the prescribed manner.”

Regards