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archana nigam

archana nigam (Querist)
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04 March 2008 for allottment of share by a private company what type of resolution is required ?

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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04 March 2008 Ordinary Board resolution approving the allotment to applicants (privately placed).

The Board of directors perused the applicants for application of equity shares. After careful perusal of the documents and amounts received,

IT WAS RESOLVED by the Board to allot Equity shares to the following applicants, as mentioned against each name: