Investment in Shares

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS AT THERE MEETING OF THE ABC LIMITED HAVING ITS REGISTERED OFFICE OF AT……………………………. ON MONDEY THE ………………2010

The Chairman informed the Board that the Company has received a proposal to invest the surplus funds in M/s ………..  Which has great potential of development in future the Metter was discussed at length and the following resolution was passed

“RESOLVED THAT the Company be and is hereby authorized to apply/ purchase of ……… Equity shares of Rs. 10/-each at a premium of Rs. …./- each of ………..( name of Company ) amounting to Rs. …../- ( in words).

FURTHER RESOLVED THAT Mr. ……. The Director of the Company be and is hereby authorized to purchase/ make investment in the share an deal, administer, manager the same on behalf of the company including giving power of attorney to sell, alienate, charge and transfer the said share including administration, management, attending meeting, participating/ casting of votes, executing confirmations etc.

For and on behalf of the Board

For………………..

Director/ Authorized Signatory

thx dear

thnx praveen for prompt reply

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i wul like ao add following in abv resolution

acquired shares constituting --------(%) of paid up share capital of (name of acquiree co.)

further there is no mention os sec. of companies act sebi rules and regulation and absence of words this resolution is subject to approval of shareholder if  inv. is not within the limit specified by  cos. act(10) and other necessary approval