Board resolution format for allotting equity shares on private placement under Sections 42 and 62(1)(c), with allottee list, demat credit and PAS-3 in 15 days.
“RESOLVED THAT pursuant to Sections 42, 62(1)(c) and 179(3)(c) of the Companies Act, 2013 read with Rule 13 of the Companies (Share Capital and Debentures) Rules, 2014 and Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014, the special resolution passed by the members on [●] and the offer letters in Form PAS-4 issued on [●], and the full application money having been received in the separate bank account of the Company, [●] Equity Shares of ₹[●] each, fully paid up, be and are hereby allotted at a price of ₹[●] per share (including a premium of ₹[●]), aggregating ₹[●] (Rupees [●] only), to the allottees named in the Annexure, in the numbers set against their names.
RESOLVED FURTHER THAT the said Equity Shares shall rank pari passu in all respects with the existing Equity Shares of the Company and shall be [credited to the demat accounts of the allottees / issued in the form of share certificates], and the application money shall be transferred out of the separate bank account only after the return of allotment has been filed with the Registrar of Companies.
RESOLVED FURTHER THAT any Director and/or the Company Secretary of the Company be and is hereby severally authorised to file e-Form PAS-3 within fifteen days of this allotment, to enter the names of the allottees in the Register of Members and to do all such acts, deeds and things as may be necessary for giving effect to this resolution.”