Board Resolution for Sale of Forfeited Shares

     

Board Resolution for Sale of Forfeited Shares

"RESOLVED THAT out of the total _________ Equity Shares forfeited by the Board, _______ Equity Shares be and is hereby re-issued to the following persons:

Name of Shareholders         No. of Shares Re-issued          Amount Received

"RESOLVED FURTHER THAT necessary entries in the Register of  Members of the company be made to give the effect for re-issue of the abovesaid _______ fully paid up Equity Shares of the company."

"RESOLVED FURTHER THAT an amount of  Rs. ________ on account of the amount received from the abovesaid ______ forfeited Equity Shares of Rs. __ each which has been re-issued be and is hereby transferred to the Capital Account of the company."

"RESOLVED FURTHER THAT Shri ______ of the company be and is hereby authorised to do all such acts, deeds and things as may be necessary for and on behalf of the company."

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