Resolution for Allotment of shares at Premium
Sakina Rassawala
paritala srinivasarao
Dear Member
Please find the resolution below.
3. ALLOTMENT OF EQUITY SHARES:
The Chairman Stated that the company is proposing to increase the paid-up capital of the Company to Rs.4.95 lakhs. 49,500 equity shares of Rs.10/- each are proposed to be allotted to the applicants whose names are mentioned below, at a premium of Rs.70/- per share. Then the following resolution was passed for the allotment of shares.
"RESOLVED THAT the company do allot 49,500 equity shares of Rs.10/- each at a premium of Rs.70/- per share to the applicants as detailed below:
|
9,900 | |
|
---------------- |
25,700 | |
|
----------------PVT LTD |
9,900 | |
|
-------------- PVT LTD |
4,000 | |
|
TOTAL |
49,500 |
"RESOLVED FURTHER THAT the respective Share Certificates for the said allotment be issued to the above said allottees under the Common Seal of the company and the same be signed by any two Directors and Shri. ---------------, Authorised Signatory of the Company."
"RESOLVED FURTHER THAT the return of allotment in respect of 49,500 equity shares allotted as mentioned above be filed with the Registrar of companies."
Warm Regards
P Srinivasa Rao
Company Secretary
9840152398
--- On Mon, 2/8/10, Sakina Rassawala <sakin...@gmail.com> wrote:
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Sridevi B.N
“RESOLVED THAT pursuant to Section 81(1A) and all other applicable provisions of the Companies Act, 1956 (including any statutory modification or re-enactment thereof for the time being in force), (hereinafter referred to as the “Act”), the provisions of Chapter VIII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, the provisions of all other applicable laws and regulations, provisions of the Memorandum of Association and the Articles of Association of the Company and pursuant to the resolution passed by the shareholders of the Company dated June 9, 2009 and the Placement Document dated April 19, 2010, the approval of the Management Committee be and is hereby accorded for the issue and allotment of 225,080,390 Equity Shares of Re. 1 each, bearing distinctive numbers from 3,667,354,393 to 3,892,434,782 to the applicants as per the list of allottees placed on the table and annexed hereto, at the Issue Price of Rs. 62.20/- per Equity Share (including Rs.61.20/- towards share premium) against receipt of full payment of application monies in the QIP Escrow Accounts opened with Axis Bank Limited, Nariman Point Branch, Mumbai (Current Account No. 910020012765191) and IDBI Bank Limited, Nariman Point Branch, Mumbai, (Current Account No. 004103000041618), aggregating to Rs. 14,000,000,258/-, in accordance with the details specified in the Confirmation of Allocation Note and the Application Form for the Issue.
RESOLVED FURTHER THAT the Equity Shares allotted as above shall, subject to the provisions of the Memorandum of Association and Articles of Association of the Company, rank pari passu with the existing equity shares of the Company and shall be entitled to such dividends and corporate benefits, if any declared by the Company after the allotment;
RESOLVED FURTHER THAT the Company do apply for in-principle / final listing / trading approvals of the Stock Exchanges for the Equity Shares issued and allotted by the Company by way of the Placement Document dated April 19, 2010 and the aforesaid resolution, which are to be listed on the Stock Exchanges.
RESOLVED FURTHER THAT the Equity Shares be credited to the demat account of the allottees through corporate action with NSDL / CDSL after obtaining in-principle approval from the Stock Exchanges.
RESOLVED FURTHER THAT Mr. ................., authorized signatories, Mr. .............., Company Secretary and Mr. ......................., Associate Company Secretary, be and are hereby severally authorized to file the Return of Allotment of Equity Shares in prescribed form with the ROC, to apply for the in-principle /final listing / trading approvals with Stock Exchanges, to make corporate action to the depositories for crediting the equity shares to the demat account of the respective allottees and to do such all acts and deeds as may be required to give effect to the aforesaid resolution.”
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