Board resolution

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Roopali

Roopali (Querist)
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10 July 2012 Can anyone provide the board resolution for transmission of shares?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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10 July 2012 Resolution for Transmission of Shares;

“WHEREAS the company has received a notice in writing from "A" and "B", a nominees of the deceased share holder for 1,30,000 equity shares of Rs.10/-each along with death certificate of the deceased shareholder a copy of which is circulated among the directors;
AND WHEREAS the said nominees elected to be registered themselves as holders of the said shares;
AND WHEREAS the said nominees have sent to the company the required evidence as to the death of the said share holder and also the proof of them being the nominees of the deceased shareholder. NOW,THEREFORE,
"RESOLVED that 1,30,000 number of shares of Rs.10/- each standing in the name of "C "who has deceased be transmitted to and registered in the name of "A" and "B" being the nominees of the said shareholder.
"RESOLVED FURTHER THAT the secretary of the company be directed to do the needful in connection therewith or ancillary or incidental thereto.”

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