minutes

Yes. Allotment of Shares should be taken in the Board Meeting and resolution should be present in the Minutes.

Of course allotment of shares must be incorporated in the minutes along with all details.

All the proceedings at the meeting has to be recorded in the minutes whether resolution is passed or not

true...

Yes

You should record the details of allotment in minutes of the meeting.

Agree

YES

yes it should be......

yeah it should be

Definately it should be incorporated in the minutes book of the company

Can anyone forward a draft of the Resolution for Allotment of Shares in cash by a Pvt Limited Co. for

1) Equity Shares

2) Preference Shares with the Option to Convert into Equity Shares

Format of Board resolution for allotment of Equity Shares

ALLOTMENT OF 1000 EQUITY SHARES .

"RESOLVED THAT the consent and approval of the Board be and is hereby given for for allotment of 1000 equity shares of Rs.10/- each to Mr. A. 

RESOLVED FURTHER THAT Mr. A and Mr. B, Directors for the time being be and are hereby authorised to issue duly signed share certificate(s) to the above allottee under the common seal of the Company and further Mr. B, Director be and is hereby authorised to file the requisite return of allotment with the office of Registrar of Companies.”

 

Ya, only after the Board approves the applicants list placed on the table in a Board Meeting the allotment is made. And the proceedings at the Board has to be recorded in the Board Meeting Minutes.