Draft Board Resolution For Approval of Prospectus

     

Draft Board Resolution For Approval of Prospectus

“RESOLVED THAT subject to the approval of the Financial Institutions, Stock Exchanges, etc. the draft Red Herring Prospectus (RHP) offering _______ equity shares of Rs. ___ each for cash at par, submitted to this meeting, duly initialed by the chairman for the purpose of identification be and is hereby approved.”

“RESOLVED FURTHER THAT the RHP be signed by all the directors or their authorized nominees before being delivered to the Registrar of Companies for registration.”

“RESOLVED FURTHER THAT Shri ________ be and is hereby authorized to make such alterations, modifications or changes as may be suggested by the lead manager, Stock Exchange, Registrar of Companies, etc. while approving the RHP."

“RESOLVED FURTHER THAT Shri ___________ be and is hereby authorized to file the RHP with Stock Exchange for approval and to the Registrar of Companies for registration and the same be issued within the prescribed time limit of 90 days, advertise the same in newspapers and comply with all other formalities in this regard.” 

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