Draft Board Resolution For Issue of Duplicate Share Certificate

     

Draft Board Resolution For Issue of Duplicate Share Certificate

M/s. XYZ has issued _______ Equity Shares to M/s. ABC covering the distinctive numbers from ______ to _____ of Rs.__/- each. M/s. ABC vide its letter dated _____ informed that the Share Certificate of above referred shares has been misplaced/lost and requested for issuing duplicate share certificate. Along with the request letter they have submitted the Indemnity Bond for the issuance of duplicate share certificate. Approval of the Board is required to issue the duplicate share certificate.

Hence if approved following resolution may be passed :

"RESOLVED THAT whereas the company has received a request from M/s. ABC for issuing duplicate share certificate for _____ Equity Shares covering the distinctive numbers from _____ to _______ in lieu of the original Shares Certificate that is lost from M/s. ABC, the holder thereof and whereas the said holder has also submitted the Indemnity Bond, duplicate share certificate be issued to M/s. ABC in lieu of the original certificate under common seal of the company to be affixed in the presence of any two Directors, who shall also sign the same."

“FURTHER RESOLVED THAT Shri _______ and Shri _________ (name of the persons) Directors of the company be and are hereby authorized to do all acts and take all such steps as may be necessary, proper or expedient to give effect to the aforesaid resolution.”

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