CERTIFIED COPY OF THE RESOLUTION PASSED AT THE MEETING OF BOARD OF DIRECTORS OF M/s……….. LIMITED HELD ON MONDAY, THE 21ST DAY OF MARCH, 2011 AT THE REGISTERED OFFICE OF THE COMPANY AT………………..
Floatation of a Wholly Owned Subsidiary
“RESOLVED THAT the consent of the Board of Directors of the company be and is hereby accorded for incorporating a Wholly Owned Subsidiary in the name and style, ‘………………………………’ (the name availability of which has been confirmed by the Registrar of Companies, AP) and making an investment of Rs.5,00,000/- (being 50,000 Equity Shares of Rs.10/- each), of which 49,940 Equity Shares shall be subscribed in the very name of the company and the balance 60 Equity Shares shall be subscribed in the names of ………………………………………………………………………… ………………………………………………………. ……………………………………. ………………………………….. ……………….. appointed / nominated in this behalf [pursuant to the provisions of Section 49(3) of the Companies Act, 1956] to hold 10 Equity Shares each (on behalf of the company) and for acting as co-subscribers alongwith the company so as to ensure that the total number of shareholders (in the proposed company) is not less than the statutory minimum.”
“RESOLVED FURTHER THAT Mr…………………….., Director of the company, be and is hereby authorized to sign the Memorandum of Association and Articles of Association (copies of which are placed before the Board and initialed by the Chairman for the purpose of identification) and other papers & forms requisite for incorporation (on behalf of the company), and to do all such acts, deeds and things in this regard and that the Common Seal of the company be affixed wherever necessary under the signatures of Mr. ………………., Director of the company.”
for …………………Limited
Director
excellent very useful
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