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Board resolution for allotment of shares other than cash

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board resolution for allotment of shares other than cash

DRAFT RESOLUTION “RESOLVED THAT pursuant to the provisions of Section 42, 62(c) and other provisions, applicable, if any, of the. Draft Board Resolution for Allotment of Shares for consideration other than cash. RESOLVED THAT pursuant to the provisions of section 42 & 62 of the. Draft Board Resolution for Allotment of Shares for Consideration Other Than Cash. CS Ashish Jain Ashish Jain 4 years ago. Any Other documents as required. Issue Share Certificate:. In case of listed company, give intimation at least two working days in board resolution for allotment of shares other than cash to the stock exchange about the meeting of the board of directors. Rule Introduction Where at any time, a Company having a share capital proposes to increase its subscribed capital by the issue of further shares, such shares shall be offered to persons who, at the date of the offer, are holders of equity shares of the company in proportion, as nearly as circumstances admit, to the paid-up share capital on those shares by sending a letter of offer.

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