Draft Extract of Minutes of Extra-ordinary General Meeting (EGM) for Increased in Authorized Capital
Extracts of the Minutes of the Extra-Ordinary General Meeting
Date: [Day], [Month], [Year]
Time: [Time]
Venue: Registered Office of the Company, [Full Address, including City, State, and Pin Code]
An Extra-Ordinary General Meeting (EGM) of the Members of the Company was held at its Registered Office on the aforementioned date and time.
The following resolutions were passed unanimously:
Resolution No. 1: Increase in Authorized Share Capital – Ordinary Resolution
“RESOLVED THAT pursuant to Sections 13, 61, and 64 of the Companies Act, 2013, and the relevant rules framed thereunder, and in accordance with the provisions of the Articles of Association of the Company and subject to shareholder approval, the Authorized Share Capital of the Company be and is hereby increased from Rs. XXXXX/- (Rupees XXXXX Only), divided into XXXXX (XXXXX) equity shares of Rs. XX/- (Rupees XX Only) each, to Rs. XXXXX/- (Rupees XXXXX Only), divided into XXXXX (XXXXX) equity shares of Rs. XX/- (Rupees XX Only) each, by the creation of an additional XXXXX (XXXXX) equity shares of Rs. XX/- each, ranking pari passu with the existing shares of the Company.”
Resolution No. 2: Alteration of the Capital Clause in the Memorandum of Association – Ordinary Resolution
“RESOLVED THAT upon Resolution No. 1 being duly passed and becoming effective, Clause V of the Memorandum of Association of the Company be and is hereby substituted by the following:
V. The Authorized Share Capital of the Company is Rs. XXXXX/- (Rupees XXXXX Only) divided into XXXXX (XXXXX) equity shares of Rs. XX/- (Rupees XX Only) each.”
For and on behalf of
[Company Name]
(Signature)
[Name of Director]
Director DIN: [XXXX]
Date: [Date of Meeting]
Place: [Place of Meeting – City, State]
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