Ordinary resolution format for issue of bonus shares under Section 63 and Rule 14, with reserves capitalised, bonus ratio, record date and PAS-3 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 Section 63 and other applicable provisions, if any, of the Companies Act, 2013 read with Rule 14 of the Companies (Share Capital and Debentures) Rules, 2014, Article [●] of the Articles of Association of the Company and the recommendation of the Board of Directors, consent of the members be and is hereby accorded to capitalise a sum of ₹[●] (Rupees [●] only) standing to the credit of the [free reserves / securities premium account / capital redemption reserve account] of the Company as at [●], and to apply the same in paying up in full [●] Equity Shares of ₹[●] each, to be allotted as fully paid-up bonus shares to the holders of Equity Shares whose names appear in the Register of Members or in the records of the depositories as beneficial owners on the record date fixed by the Board, in the proportion of [●] bonus Equity Share(s) for every [●] Equity Share(s) held.
RESOLVED FURTHER THAT the bonus shares shall rank pari passu in all respects with the existing Equity Shares of the Company and shall not be issued in lieu of dividend.
RESOLVED FURTHER THAT the Board of Directors be and is hereby authorised to fix the record date, allot the bonus shares, file e-Form PAS-3 with the Registrar of Companies within thirty days of allotment and do all such acts, deeds and things as may be necessary for giving effect to this resolution.”