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Right issue of shares refers to as further issue of shares to the existing shareholders in proportion of their holdings.
CERTIFIED TRUE COPY OF RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF [name of Company] HELD ON [day], [date], 2026 AT [time] [IST] AT [address]
To consider and approve the proposal of issuing shares on right basis
“RESOLVED THAT pursuant to the provisions of the Section 62(1)(a) and other applicable provisions, if any of the Companies Act, 2013 read with the rules made thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force), the Board of Directors of the Company do and hereby approve offer of Equity Shares of Rs ___ eact at a premium of Rs _____ aggregating to Rs ___________, to the existing shareholders, whose name is appearing in the Register of Members of the Company as on ________ in proportion to their existing shareholders on the following terms and conditions:
● That the offer shall be made by a notice specifying the number of shares offered and limiting a time, not being less than 15 days and not more than 30 days from the date of offer within which the offer shall be accepted or renounced.
● That the Board of Directors can allot the shares as per the acceptance or renouncement received from the shareholders.
● That if any member declines to accept the shares offered, the Board of Directors are empowered to dispose of such shares in the manner which is not disadvantageous to the shareholders and the Company.
● That the shares shall rank pari passu with the existing Equity Shares of the Company.
● Each shareholder shall have a right to renounce or decline the shares offered to it or any of them in favor of any other person.
RESOLVED FURTHER THAT subject to the written consent of the member of the Company, any Director of the Company be and is hereby authorized to open the offer of Rights Issue as specified hereinabove, for such period, as he/she may deems fit:
RESOLVED FURTHER THAT the draft Letter of Offer (along with necessary annexure/s thereto) as placed before the Board be and are hereby approved and any Director of the Company be and is hereby authorized to issue Letter of Offer (along with necessary annexure/ms thereto) to all the existing shareholders of the Company and to do all such acts, deeds and things are necessary or expedient in this regard including but not limit to undertaking filing of requisite forms and documents with the concerned Registrar of Companies/ Ministry of Corporate Affairs.”
//Certified True Copy//
For ________________
____________
Director
DIN: ________
Address: ____________
Date:
Place:
