resolution

1. Board Resolution approving bonus issue

RESOLVED that pursuant to Article __________ of the Articles of Association of the company, and subject to the consent of the members in the general meeting the Board do hereby recommend that a sum of Rs. __________ be capitalised out of the following namely,
1.
2.
3.
[State the reserves along with the amounts proposed to be capitalized from each reserve]
and be distributed amongst the equity shareholders of the company, by issue of __________ equity shares of Rs. __________ each credited as fully paid up to the equity shareholders in the proportion of __________ equity shares for every __________ equity shares held by them on the date the transfer books are proposed to be closed as may be declared by the board and that such new shares as and when issued and fully paid, shall rank pari passu with the existing equity shares.

RESOLVED FURTHER that for the purpose of putting into effect the proposed resolution, an extra-ordinary general meeting of the members of the company be convened to consider the proposed capitalisation of profits and issue of bonus shares

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“RESOLVED THAT PURSUANT TO THE RECOMMENDATION OF THE BOARD OF DIRECTORS

(IF COMPANY IS ATHORISED BY AOA IN ISSUE BONUS SHARE THEN COMPANY CAN ISSUE SUCH BONUS SHARE  BY PASSING SUCH BOARD RESOLTUION)