Resolution to allot shares

Jishnu,

Board should note about subcription of shares at the time of its incorporation in its first board meeting, form 2 is not required tobe filed.

Subscriber to the Memorandum to be recorded as member of the company:

The Chairman informed the Board that the company has received the subscripttion amount as stated in the subscripttion clause of the Memorandum and Articles of the Association for issuance of 10000 (Ten Thousand) Equity shares of Rs. 10/- (Ten only) each for Rs.1, 00,000 (One Lac only) from the subscribers to the Memorandum and Articles of the company. This was noted and then following resolution was passed unanimously by Board;-

“RESOLVED THAT the shares be allotted to following subscribers as noted against their names:

“FURTHER RESOLVED THAT Mr. _____________  and Mr.  _____________ , directors of the company and Mrs.  _____________ , authorised signatory of the Company be and is hereby authorised to issue the share certificates and the Common Seal of the Company be affixed in presence of the above said directors and authorised signatory of the Company.”