Board reslolution

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2012 I need a samlple of Board Resolution for foloowing :

1 Transfer of Equity Share in Pvt. Ltd. Co.
2 Purchase and sell of Equity share in Pvt. Ltd. Co,
3 Invest in Mutual fund and Shares

Guest

Guest (Expert)

27 July 2012 TRANSFER OF SHARES

Chairman placed before the Board Share Certificates along with duly executed and stamped share transfer deed for transfer of _________ Equity Shares. The Board scrutinized the papers and it was unanimously resolved as under:

"RESOLVED THAT approval be and is hereby given to the under noted share transfer:

Fol-io No.
Tran-sfer No.
Name of Transferor
Types Of Shares
No. of Shares Transfe-rred
Name of Transferee

“RESOLVED FURTHER THAT necessary entries in connection with the transfer of shares of the Company be made in the Register of Members maintained u/s 150 of the Companies Act, 1956 as well as in all the relevant records of the Company. Further necessary endorsement regarding transfer of shares be made in the share certificates received along with the Form No. 7B and the share certificates duly endorsed be sent to the transferees.”

Guest

Guest (Expert)

27 July 2012 INVESTMENT IN SHARES

“RESOLVED THAT Mr. ______ and Mr. _________, the directors of the Company be and are hereby authorized individually to invest the funds of the Company in shares, Debentures or any other security issued/ to be issued by Government/Semi Government, Local Government, Local Authority, any body Corporate for and on behalf of the Company from time to time as they think fit and proper.”

“FURTHER RESOLVED that any one Director of the Company be and is hereby authorized to take necessary steps to take shares which will be purchased hereafter, transferered in the name of the company and also authoriszed to sign the share transfer forms and other documents individually for and on behalf of the Company.”

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Guest

Guest (Expert)

27 July 2012 Purchase of shares

“RESOLVED THAT the company do make application for purchase of 1,20,000 equity shares of Rs. 10/- each of __________________ Private Limited at a premium of Rs. 90/- per share.”

“RESOLVED FURTHER THAT Shri __________________, Director of the company be and is hereby authorized to make payment for the purchase of equity shares, receive share certificates on behalf of the company and to do all the acts, deeds and things as may be considered necessary and incidental to complete the transaction of purchase of shares.”

Querist : Anonymous

Querist : Anonymous (Querist)

27 July 2012 Thanks Nehaji for Board Resolution

Guest

Guest (Expert)

27 July 2012 You are welcome.

Regards,

Neha Jain