Ordinary Resolution for increasing Authorised share capital of the Company pursuant to Section 13 and 61 of Companies Act, 2013
"RESOLVED THAT in accordance with the provisions of Sections 13 and 61 and all other applicable provisions of the Companies Act, 2013 and rules framed thereunder (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force) and the Articles of Association of the Company, approval of the members be and is hereby accorded to increase the Authorised Share Capital of the Company from ₹ _________/- (Rupees __________only) divided into ___________ (_________) equity shares of ₹ 10/- (Rupees Ten only) each and ____________ (______________) preference shares of ₹ 10/- (Rupees Ten only) each to ₹ _____________/- (Rupees _______________ only) by creation of additional _______________ (_______________) equity shares of ₹ 10/- (Rupees Ten only) each and consequently, the existing Clause V of the Memorandum of Association of the Company be and is hereby altered and substituted by the following as new Clause V:
V. YOUR REVISED CAPITAL CLAUSE HERE
RESOLVED FURTHER THAT the Board of Directors (‘the Board’, which term shall include any Committee authorised by the Board to exercise its powers including powers conferred on the Board by this resolution) of the Company be and is hereby authorised to do all such acts, deeds, matters and things and take all such steps as may be necessary, proper, expedient or desirable for the purpose of giving effect to this resolution and for matters connected therewith or incidental thereto, including delegation of any of the powers herein conferred to on any Director(s), Company Secretary or any other officer of the Company."
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