Board resolution format for increase in authorised share capital under Section 61(1)(a), approving the EGM notice and MoA alteration, with SH-7 within 30 days.
“RESOLVED THAT pursuant to Section 61(1)(a) and other applicable provisions, if any, of the Companies Act, 2013 and Article [●] of the Articles of Association of the Company, the Board hereby approves the proposal to increase the Authorised Share Capital of the Company from ₹[●] (Rupees [●] only) divided into [●] Equity Shares of ₹[●] each to ₹[●] (Rupees [●] only) divided into [●] Equity Shares of ₹[●] each, together with the consequential alteration of Clause V of the Memorandum of Association, and recommends the same for the approval of the members by Ordinary Resolution.
RESOLVED FURTHER THAT an Extra-ordinary General Meeting of the members be held on [●] at [●], and the draft notice with the explanatory statement under Section 102 of the Companies Act, 2013 placed before the meeting be and is hereby approved.
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 and, after the members’ approval, to file e-Form SH-7 with the Registrar of Companies within thirty days together with the altered Memorandum of Association, pay the applicable fees and stamp duty, and to do all such acts, deeds and things as may be necessary for giving effect to this resolution.”
No rules under this Section yet.