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Board resolution for allotment of shares

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Board resolution for allotment of shares

Postby Sabina Nagpal » Tue Aug 10, 2010 12:50 pm

Can somebody provide me the format of the Board resolution for allotment of shares to promoters and other on preferential basis.


Sabina Nagpal
Sabina Nagpal
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Re: Board resolution for allotment of shares

Postby csssk » Thu Aug 12, 2010 10:43 am

Draft Board Resolution for allotment:

To allot ___________ Equity Shares of the Company

The Board was informed that the Company is in receipt of certain applications from promoters for allotment of ____________ Equity Shares of the Company. The Board considered the applications and after deliberations passed the following resolution unanimously:

“RESOLVED THAT the applicants, whose details are as per Equity Share Application Register, as placed before the Board and initialled by the Chairman for identification purposes be and are hereby allotted ____________ Equity Shares of Rs.____/- each for cash at par and that the equity share certificates of the Company be issued to the said allottees under the signatures of ____________________ the Directors of the Company and the same be countersigned by ________________ and that the Common Seal of the Company be affixed thereon.”

“RESOLVED FURTHER THAT any one of the Directors of the Company for the time being constituting the Board be and is hereby severally authorised to file Return of Allotment in the prescribed Form No.2 with the Registrar of Companies within stipulated time.”
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Re: Board resolution for allotment of shares

Postby ajaygkp » Fri Aug 13, 2010 2:57 pm

Dear Friend

Please find Draft Board resolution for allotment of warrant on preferential basis.

CS Ajay Mishra
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