Board Resolution

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 October 2010 Please send me the board resoltion format for approving the sub division of share capital in board meeting

Ankur Garg

Ankur Garg (Expert)
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05 October 2010 RESOLVED THAT subject to the provisions of section 94 and all other applicable provisions, if any, of the Companies Act, 1956 and the provisions of Article __ of the Articles of Association of the Company, each of the existing issued Equity Shares of Rs. 100 each in the issued, subscribed and paid-up capital of the Company, be and is hereby sub-divided into 10 (ten) Equity Shares of the face value of Rs. 10 each paid-up.

RESOLVED FURTHER THAT each of the existing unissued Equity Shares of Rs. 100 in the authorised capital of the Company be and is hereby sub-divided into 10 (ten) Equity Shares of the face value of Rs. 10 each and that consequential amendments be made to Clause V of the Memorandum of Association and Article __ of the Articles of Association of the Company.