Format of Board Resolution for payment of call money

[Mohd Arshad]

Dear Members,

Can anyone provide me a format of board resolution for making payment of call money.

Thanking you in anticipation

Regards

Mohammad

[Shankar Kadiyala]

Dear Mohammad,

The following is the Draft copy of the resolution for making calls on issues shares.

"RESOLVED THAT consent of the Board of Directors of the company be and is hereby accorded to the company for making a call of Rs. ----- per share on all the registered shareholders of ------ (No. of Shares) equity shares of Rs. ---- (Rupees -------- only) each and that the said call money be made payable at the Registered Office of the company not later than -------- (Last Date for receipt of money)."

"RESOLVED FURTHER THAT the Company Secretary be directed to arrange necessary call notice to be served to the members concerned and also to make necessary arrangement with the company’s bankers to receive the aforementioned call money and also to send to the company a receipted counterfoil attached to the said notice for the purpose of making necessary accounting in connection therewith.

"RESOLVED FURTHER THAT in case of non-payment of call money on or before the date specified above, interest at the rate of………. Percent be charged."

Thanks & Regards

Shankar Kadiyala

+91-9849183568.

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