Draft Extract of Minutes from Board of Director Meeting for allotment of equity share/increased in paid up share capital
EXTRACTS OF THE MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF…(COMPANY NAME) HELD AT ITS REGISTERED OFFICE …………………..ON DAY,MONTH, YEAR AT TIME .
“RESOLVED THAT pursuant to the provisions of Section 62 and other applicable provisions, if any, of the Companies Act, 2013 and rules made thereunder including any statutory modification or re-enactment thereof, and the Articles of Association of the Company, the consent of the board be and is hereby accorded for allotment of XXXX Equity shares of Rs. XX/- each fully paid-up aggregating to Rs. XXXXX (Rupees XXXXX Only) to the existing shareholder(s) on a rights basis as per the following details, the offer for which was duly made and accepted by the said shareholders within the prescribed timelines:
| SL. NO. | Name of the Allotee | No. of Equity Shares | Face Value of Equity Shares (Rs.) |
| 1 | XXXXXX | XXXXX | XXXXXX |
| 2 | XXXXXX | XXXXX | XXXXXX |
“RESOLVED FURTHER THAT the above said equity shares will rank pari-passu with the existing equity shares of the Company in all respects, including voting rights and dividend entitlements, from the date of their allotment.”
“RESOLVED FURTHER THAT any Directors of the Company, be and are hereby severally authorized to execute, sign and file with various authorities/departments, all applications, forms, agreements, deeds, certificates, documents, papers etc. to make the necessary entries in the Register of Members u/s 88 of the Companies Act, 2013, and to do all such other acts, deeds and things as may be required or deemed necessary, proper or expedient to give effect to the above resolution and to settle any question or difficulties that may arise in this regard, with full power to sub-delegate this authority.”
“RESOLVED FURTHER THAT pursuant to Section 46, 56 of the Companies Act, 2013, and rule 5(2) of the Companies (Share Capital and Debentures) Rules 2014, and other applicable provisions, if any, of the Companies Act, 2013, a Share Certificate be issued under the signature of XXXXXXXX (DIN: XXXXX) and XXXXXX (DIN: XXXXXX), being two Directors (or a Director and the Company Secretary, if applicable), and the common seal of the Company affixed thereto (if required by the Articles of Association), for the shares so allotted.”
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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