Board Resolution format for Allotment of Bonus Shares

CERTIFIED TRUE COPY OF RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF HELD ON , , 2018 AT (IST) AT

Allotment of Bonus Shares

“RESOLVED THAT in terms of authority given to the Board by the Articles of Association of the Company and pursuant to the issue of bonus shares to the members of the company, the consent of the board be and is hereby accorded to allot and distribute _______ equity shares each having a nominal value of Rs. …………………./-( Rupees IN WORD) at a price of Rs. …………/- (Rupees IN WORDS) per share at par as fully paid bonus shares to the holders of equity shares of Rs. ……../- each in the Company, whose names appear in the Register of Members of the Company on the date of allotment, in the ratio of 1:1 as per the details given below:

RESOLVED FURTHER THAT, a letter of allotment in relation to the above equity shares issued and allotted as aforesaid be issued to the allottees by the Company.

RESOLVED FURTHER THAT the Directors of the Company be and are hereby severally authorized to do all such acts, deeds and things as may be required to be done to give effect to the above resolution, including issuance of duly stamped share certificates in relation to the above equity shares issued and allotted as aforesaid to name of shareholder in accordance with the provisions of the Companies Act, 2013 and rules made there under and the Articles of Association of the Company and do all other acts consequent to the issuance and allotment, and give such directions as may be required, necessary, expedient or desirable for giving effect to the aforesaid resolutions.

RESOLVED FURTHER THAT the share certificates be issued under the Common Seal of the Company in the prescribed format as per Companies Act 2013”.

//Certified True Copy//

For ________________

____________

Director

DIN: ________

Address: ____________

Date:

Place: