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Board Resolution · Share Capital

Issue of preference shares

A ready-to-use board resolution draft under the Companies Act 2013. Fill in your company name, date, CIN and figures, then copy or download. Special Resolution — file MGT-14 with ROC within 30 days.

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[Company Name]  ·  CIN: [____]

Certified extract of the resolution passed at the meeting of the Board of Directors held on [Date] at [Registered Office]:

"WHEREAS the Articles of Association authorise, and the members have approved by special resolution, the issue of preference shares. RESOLVED THAT [number] [rate]% [Cumulative/Redeemable/Non-Convertible] Preference Shares of Rs. [face value] each be issued and allotted on the terms as to dividend, redemption within [period] years, and priority as set out in the terms of issue placed before the Board. RESOLVED FURTHER THAT [Director Name] / the Company Secretary be authorised to issue the certificates, update the register, and file Form PAS-3 (and MGT-14 where applicable) with the Registrar of Companies within the prescribed time."
For [Company Name]
 
[Director Name], Director (DIN: [____])

This is a general template for reference only. Have it reviewed by a qualified Company Secretary / lawyer and adapt to your company's Articles before use.

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