Board Resolution to Increase the Authorized Share Capital and Alteration of Capital Clause of Memorandum of Association of the Company

 “RESOLVED THAT pursuant to the provisions of Section 13 read with Section 61 and  64 of the Companies Act, 2013 (the “Act”), Rule 15 of the Companies (Share Capital and Debentures) Rules, 2014 and any other applicable provisions of the Act read with Rules thereunder (including any statutory modifications or re-enactment thereof, for the time being in force) and applicable provisions of the Articles of Association of the Company, subject to the approval of the Shareholders of the Company, the approval of the Board be and is hereby accorded to increase the Authorized Share Capital of the Company from existing Rs. [●] (Rupees [●] Only) divided into [●] Equity Shares of Rs. [●] (Rupees [●]) each < & [●] Preference Shares of Rs. [●] (Rupees [●]) each >  to Rs. [●]/-  (Rupees [●] only) divided into [●] Equity Shares of Rs. [●] (Rupees [●]) each < & [●] Preference Shares of Rs. [●] (Rupees [●]) each > ranking pari passu in all respect with the existing shares of the Company;

 

RESOLVED FURTHER THAT subject to the approval of the Shareholders of the Company in ensuing <Annual/Extra-ordinary> General Meeting of the Company, Clause V of the Memorandum of Association of the Company be altered to read as follows:

V “The Share Capital of the Company is Rs. [●] (Rupees [●] only) divided into [●] ([●]) Equity Shares of Rs. [●] (Rupees [●]) each < & [●] Preference Shares of Rs. [●] (Rupees [●]) each >.”

RESOLVED FURTHER THAT Mr./ Ms. [●] [Name and Designation of the authorized person] of the Company, of the Company, be and is hereby authorized to sign and file Form SH 7 and such other relevant documents, forms, return, as may be required, with the Registrar of Companies, [●] and to do all such acts, deeds and things as may be required for giving effect to the aforesaid resolution.

Section 64 of Companies Act, 2013

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