20 December 2014
I required Board resolution for right issue of shares to existing shareholders and board resolution for allotment of shares to equuity shareholders
22 December 2014
RIGHTS ISSUE - ISSUE OF EQUITY SHARES:
RESOLVED THAT pursuant to the provisions of the Section 23, 62(1)(a) and other provisions applicable if any, of the Companies Act, 2013 read with Companies (Share Capital and Debentures) Rules, 2014 and other Rules applicable, if any, including any statutory amendment, enactment or modification thereof, the consent of Board of Directors of the Company be and is hereby accorded to issue and offer, for cash, upto __________(______________) Equity Shares of Rs. 10/- (Rupees Ten)each aggregating to Rs. ____________/- (Rupees __________________) on rights basis to existing Equity Shareholders of the Company holding Equity Shares of the Company (the “Eligible Shareholders”) as on date (the “Rights Issue Record Date”) at par in the ratio of ________ Equity Shares for every ____ Equity Share held and on such terms & conditions as mentioned in the Letter of Offer of the Rights Issue, draft of which placed before the meeting be and is hereby approved.
RESOLVED FURTHER THAT Mr. ___________ Directors of the Company be and is hereby authorized for and on behalf of the Company to sign, execute, deliver and circulate the Rights Issue Offer Letter and such other ancillary documents, to the Eligible Shareholders and to accept the offer tendered by and to dispose off the such number of shares which may be declined by any of the Eligible Shareholders, in the manner as they may deem fit and to do all such acts, deeds, matters and things which may deem necessary, incidental or pertinent in this regard.
RESOLVED FURTHER THAT a certified copy of the resolution, issued under the signature of any of the Directors of the Company, be submitted to whomsoever it may concern.”
ALLOTMENT OF SHARES:
“RESOLVED THAT pursuant to the provisions of Section 62(1)(a) and other provisions, applicable, if any, of the Companies Act, 2013 read with the Companies (Share Capital and Debentures) Rules, 2014 and other Rules applicable if any, including any statutory enactment, modification etc. thereto, the consent of the Board of Directors of the Company be and is hereby accorded for an allotment of ________________(____________________) Equity Shares of Rs. 10/- (Rupees Ten) each of the Company at par, distinctively numbered from __ to _____ (both inclusive), to _____________ from whom the Company has received Share Application Money aggregating to Rs. __________/- (Rupees ____________) and the said shares shall ranking pari - passu in all respect with the existing shares of the Company.
RESOLVED FURTHER THAT any of the Directors of the Company be and is hereby authorized to file Return on Allotment of aforesaid allotment of shares in E-Form No. PAS-3 or such other applicable form with the Registrar of Companies / Ministry of Corporate Affairs by affixing Digital Signature thereto.
RESOLVED FURTHER THAT the Share Certificate for the shares allotted as aforesaid be issued to abovementioned allottee under the signatures of any two Directors and Mr. ______________as Authorised signatory of the Company and the Common Seal of the company be affixed on the share certificate as per the Articles of Association of the Company.
RESOLVED FURTHER THAT necessary entries in respect of issue and allotment of aforesaid shares be made in the Register of Members.”
CAclubindia
