Board Resolution For Call on Shares

     

Board Resolution For Call on Shares

"RESOLVED THAT the first call of Rs........... per share be made on the holders of ........... partly paid equity shares of Rs............. each payable on or before the ............ or such other extended date as may be decided by the Board to the Company's bankers, ............... or at any of their branches, authorized for this purpose and that in the event of non-payment of call money by ........, interest @ .........% per annum be charged from such members from the date following the last date fixed for payment of call money to the date of realization of cheque in terms of the prospectus dated .............../letter of offer dated ................."

"RESOLVED FURTHER THAT ..............., be instructed to issue necessary call notices to be served upon the members and make necessary arrangements with the Company's bankers to receive the call money and to do all such acts, deeds, things and matters as may be necessary in their absolute discretion to give effect to the Resolution."

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