Ordinary resolution format for increase in authorised share capital and MoA Clause V alteration under Sections 61(1)(a) and 64, with SH-7 within 30 days.
To consider and, if thought fit, to pass, with or without modification(s), the following resolution as an Ordinary Resolution:
“RESOLVED THAT pursuant to the provisions of Sections 61(1)(a) and 64 and other applicable provisions, if any, of the Companies Act, 2013 read with Rule 15 of the Companies (Share Capital and Debentures) Rules, 2014, and as authorised by the Articles of Association of the Company, the Authorised Share Capital of the Company be and is hereby increased from ₹[●] (Rupees [●] only) divided into [●] Equity Shares of ₹[●] each to ₹[●] (Rupees [●] only) divided into [●] Equity Shares of ₹[●] each, by the creation of [●] additional Equity Shares of ₹[●] each ranking pari passu in all respects with the existing Equity Shares of the Company.
RESOLVED FURTHER THAT Clause V of the Memorandum of Association of the Company be and is hereby altered by substituting the following in its place: ‘V. The Authorised Share Capital of the Company is ₹[●] (Rupees [●] only) divided into [●] Equity Shares of ₹[●] each.’
RESOLVED FURTHER THAT any Director and/or the Company Secretary of the Company be and is hereby severally authorised to file e-Form SH-7 with the Registrar of Companies and to do all such acts, deeds and things as may be necessary for giving effect to this resolution.”