RIGHT ISSUE RESOLUTION OF BOARD MEETING

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RIGHT ISSUE RESOLUTION OF BOARD MEETING:

CERTIFIED
COPY OF RESOLUTION PASSED IN THE BOARD MEETING OF DIRECTORS OF NAME OF COMPANY
LIMITED HELD ON ———-DAY OF—————MONTH, 2014 AT  PLACE OF
MEETING.
RESOLVED THAT in pursuance of Section 62 of the
Companies Act, 2013 read with The Companies (Share Capital and Debenture)
Rules, 2014 the approval of the Board be and is hereby accorded to the Company
to issue ————-No. of  equity shares of Rs. ———— each (hereinafter
referred to as new shares) of an aggregate nominal value of Rs.
———————————(Rupees in Word), for cash to the shareholders
at a premium of Rs. —————(if any) per share determined by the
Chartered Accountants firm, which was accepted by the Board of Directors as
reasonable and in the interest of all concerned, such issue to be made on the
following terms and conditions:-

1.   The issue of shares will be
made in the proportion of one new share for every one equity share held on DATE
OF MEETING.
2.  The said offer to the
members shall be made by an offer letter which shall indicate the number of
shares held by each member and the number of shares to which each is entitled
as rights shares, the value per share and the total amount due in case the
offer of shares is accepted in full.
3.  The aforesaid offer shall
be valid up-to the MAXIMUM 30 DAYS , and includes a right exercisable by the
person to whom the aforesaid offer being made to renounce the new shares
offered to him in favour of any other person.
4.   The offer after the expiry
of the MAXIMUM 30 DAYS FROM MEETING or on receipt of earlier intimation from
the person(s) to whom such notice was given that he declines to accept the new
shares offered, the Board of Directors of the company be authorized to dispose
of unsubscribed part of the new shares in such manner as they think most
beneficial to the company.
5.  The Equity Shares so issued
shall upon allotment have the same rights of voting as the existing equity
shares and be treated for all other purposes pari-passu with the existing
equity shares of the Company and that the equity shares so allotted during the
financial year shall be entitled to dividend, if any, proportionately in the
year of the allotment of these shares.
6.    The allotment of further
shares to Non-Residents members shall be in accordance with the Regulations
issued by the Reserve Bank of India under the Foreign Exchange Management Act,
1999.
7.    Share Certificates shall be
issued to those to whom the further new shares are allotted within the time
prescribed in the Companies Act, 2013.
RESOLVED FURTHER that the Board of Directors be and is hereby
authorize to take all steps to implement the above resolutions, finalize and
issue the letter of offer of rights and take all actions in connections with
the further issue and allotment of shares to the members and others where
applicableā€.
Certified
true copy
For NAME OF COMPANY Limited
                                                     
________________________________
NAME OF
DIRECTOR                                                                       
Director
DIN:

ADDRESS OF DIRECTOR

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