Allotment Of Equity Shares To Foreign Company For Establishing Wholly Owned Subsidiary

Allotment Of Equity Shares To Foreign Company For Establishing Wholly Owned Subsidiary 



"RESOLVED THAT in terms of Secretariat for Industrial Assistance, Ministry of Industry, Government of India approval letter bearing no. FC.II _____________ dated ________ and in terms of Article___of the Articles of Association, _______ Equity shares of Rs. 100 each aggregating to Rs. __________ be and are hereby allotted in the share capital of the company to M/s. ____________by way of private placement 

 

FURTHER RESOLVED THAT share certificate in respect of the above allotment be issued to M/s. _________________________ under the common seal of the Company under the signatures of Mr. _______________and Mr._____________ _________Directors of the Company and Mr. _________________as the authorised signatory. 


RESOLVED FURTHER THAT Mr. ___________________________, Director of the Company be and is hereby authorised to sign and file with the Registrar of Companies, a return of allotment in the prescribed form and also sign and file a declaration in the prescribed form with the Reserve Bank of India along with such other documents as are required to be submitted therewith and to do such other acts, deeds and things as he may consider necessary to give effect to the allotment of shares to M/s____________.