Board resolution format for converting a private company into a public company under Sections 13, 14 and 18, with new Articles, INC-27 in 15 days and MGT-14.
“RESOLVED THAT pursuant to the provisions of Sections 13, 14 and 18 and other applicable provisions, if any, of the Companies Act, 2013 read with Rule 33 of the Companies (Incorporation) Rules, 2014, and subject to the approval of the members by special resolution, consent of the Board be and is hereby accorded to the conversion of the Company from a private limited company into a public limited company and to the consequent change of its name from ‘[●] Private Limited’ to ‘[●] Limited’ by deletion of the word ‘Private’.
RESOLVED FURTHER THAT the draft altered Memorandum of Association and the draft new set of Articles of Association suitable for a public company, which do not contain the restrictions required under Section 2(68) of the Companies Act, 2013, as placed before the meeting, be and are hereby approved for submission to the members at an Extraordinary General Meeting to be held on [●] at [●].
RESOLVED FURTHER THAT any Director and/or the Company Secretary of the Company be and is hereby severally authorised to issue the notice of the meeting, file e-Form MGT-14 and e-Form INC-27 with the Registrar of Companies within the prescribed time, obtain the fresh certificate of incorporation and to do all such acts, deeds and things as may be necessary for giving effect to this resolution.”