Draft resolution

[gausia khan]

Dear all,

One of our client company in which earlier there were around 1000 shareholders who has transferred their shares to 6-7 persons in total, now the company on the request of Shareholders want to issue 6-7 share certificates by way of consolidataion. 

If anybody have draft resolution for this, plz share.

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Thanx and Regards

Gausia Khan

[mmanC]

Draft Resolution:

With the permission of the Chairperson, the Company Secretary informed the Board that a request letter dated ________has been received from ____________ Limited, shareholder of the Company, having registered folio no. ____, to consolidate all the share certificates held by it into one share certificate of __________ shares.

 

Further the Company Secretary informed the Board that __________ has sent the original share certificates for cancellation.

 

The Board considered the same and passed the following resolution unanimously:

 

“RESOLVED THAT the consent of the Board be and is hereby accorded to issue a new share certificate no. ___ pursuant to consolidation and further cancellation of the following share certificates: 

 

Cert. No.	No. of Shares	Distinctive No.

 

RESOLVED FURTHER THAT the Share Certificates for the shares consolidated as aforesaid be issued under the common seal of the Company and under the signatures of any two Directors and Company Secretary of the Company.

 

RESOLVED FURTHER THAT necessary entries be made in the Register of Members to give effect to the above resolution.”

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[gausia khan]

Thanx a ton,

Plz also confirm what is to be write on share certificate, writing like  issued in lieu of certificate no so and so will be sufficient? 

[mmanC]

Issued in consolidation of share certificate no.___________