Draft Resolution For Declaration of Dividend

Resolution-for-Declaration-Dividend

Draft Resolution
For Declaration of Dividend

RESOLVED
THAT
in terms of the recommendation of the Board of Directors of the
Company, the approval of the members of the Company be and is hereby granted
for payment of dividend @…… (Rate of dividend) per share on the Equity
Share Capital of the company for the financial year ended on 31st March,_____ 
and the same be paid to all the members whose names appear in the Register of
Members on ______ (record date).”

FURTHER RESOLVED THAT for the purpose of giving
effect to this resolution, Shri ………………….. of the Company be and is hereby
authorised, on behalf of the Company, to do all acts, deeds, matters and things
as deem necessary, proper or desirable.”

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