ALLOTMENT OF EQUITY SHARES TO FOREIGN COMPANY FOR ESTABLISHING WHOLLY OWNED SUBSIDIARY [CD1]
"RESOLVED THAT in terms of Secretariat for Industrial
Assistance, Ministry of Industry, Government of India approval letter bearing
no. …………………………… dated ____________ and in terms of Article ________ of the
Articles of Association, _________________ Equity shares of Rs. ………….……… 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________________________________________".
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