Board resolution

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karan

karan (Querist)
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13 September 2012 Pls provide me the format of Board Resolution for issuing new share certificates?

Guest

Guest (Expert)

13 September 2012 PRINTING OF SHARE CERTIFICATE:

The Chairman informed the board that 100 share certificates should be printed. This was noted and then following resolution was passed unanimously by Board:

“RESOLVED THAT the consent of the Board be and is hereby accorded for printing of 100 (One Hundred) share certificates and that the blank share certificate be kept under the custody of Mr. ABC , Director, who shall render an account of the same at every Board meeting.”

Guest

Guest (Expert)

13 September 2012 APPROVAL OF FORMAT OF SHARE CERTIFICATE:

The Chairman placed before the Board a specimen share certificate. The directors present at the meeting perused the said specimen and it was then resolved unanimously as under:

“RESOLVED THAT design/format of the share certificate as submitted to this meeting and initialed by the chairman for the purpose of identification, be and is hereby approved and that the blocks, engravings, facsimiles and hues relating to the same be kept under the custody of Mr. ABC , Director of the Company.”

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Guest

Guest (Expert)

13 September 2012 ISSUE OF NEW SHARE CERTIFICATE

“RESOLVED THAT the Share Certificate may be issued to the allottees of the said ______ equity shares allotted to them and Shri A and Shri B, Directors of the company and Smt. C , Authorised Signatory of the company, be and are hereby authorised to sign the share certificates and affix common seal thereon.”

“RESOLVED FURTHER THAT Shri A and Shri B, Directors of the company, be and are hereby severally authorised to do all acts, deeds and things as may be necessary in this regard.”