Board resolution

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priyanka gulati (Querist)
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27 April 2013 Please send me format of board resolution required at the time of filing form 2 i.e at the time of increase in paid up capital..
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Tapas Ruparelia

Tapas Ruparelia (Expert)
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29 April 2013 RESOLVED THAT pursuant to the section 94 and all other applicable provisions if any of the Companies Act 1956, the authorized share capital of the company be and is hereby increased from Rs.1,00,000 (Rupees One Lac) divided into 10,000 (Ten thousand) Equity shares of Rs.10/- (Rupees Ten only) each to Rs. 10,00,000 (Ten Lacs) divided into 1,00,000 (One lacs) Equity shares of Rs.10/- (Rupees Ten only) each by creation of 90,000 (Ninety thousand) Equity shares of Rs.10/- each and that the new equity shares of the company shall rank pari-passu with the existing shares of the company in respect of dividend, votings, rights etc;"

EXPLANATORY STATEMENT
(Pursuant to section 173 (2) of the Companies Act, 1956)

Keeping in mind the Expansion plans, Long Term Prospects and Development of the new business activity of the company in the future i.e. manufacturing and selling of Ready Mix Concrete it is proposed to increase the authorised share capital of the company from existing of Rs. 1.00 lac (Rupees one lac only) divided into 10,000 (ten thousand) equity shares of Rs.10/- each to Rs 10.00 lacs (Rupees ten lacs only) divided into 1,00,000 (one lac only) equity shares of Rs.10/- each by creation of 90,000 (Ninety thousand) equity shares of Rs.10/- each. Consequent to the increase in the Authorised share capital of the company as above, it is necessary to amend the clause V of the Memorandum of Association of the company.

Your Directors recommend the above resolutions for your approval.

None of the other Directors of the company is/are in any way concerned or interested in the Resolutions except to the extent of their shareholdings.