Special resolution format for reclassifying unissued authorised share capital under Sections 13, 61 and 64, with MoA alteration and SH-7 and MGT-14 filing.
To consider and, if thought fit, to pass, with or without modification(s), the following resolution as a Special Resolution:
“RESOLVED THAT pursuant to Sections 13, 61 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 Article [●] of the Articles of Association of the Company, the Authorised Share Capital of the Company of ₹[●] (Rupees [●] only), presently divided into [●] Equity Shares of ₹[●] each and [●] Preference Shares of ₹[●] each, be and is hereby reclassified into [●] Equity Shares of ₹[●] each and [●] Preference Shares of ₹[●] each, by reclassifying [●] unissued [Equity / Preference] Shares of ₹[●] each into [●] [Preference / Equity] Shares of ₹[●] each, without any change in the aggregate Authorised Share Capital.
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 and [●] Preference 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-Forms SH-7 and MGT-14 with the Registrar of Companies within thirty days of the passing of this resolution and to do all such acts, deeds and things as may be necessary for giving effect to this resolution.”