Board resolution for stock split under Sections 61 and 64 of the Companies Act, 2013 with MOA alteration, filings and compliance provisions.
“RESOLVED THAT pursuant to the provisions of Sections 61(1)(d), 64, 13, 179 and other applicable provisions, if any, of the Companies Act, 2013, read with the Articles of Association of the Company and subject to the approval of the members of the Company and such other statutory or regulatory approvals as may be required, consent of the Board be and is hereby accorded to approve and recommend the sub-division (stock split) of each existing Equity Share of face value ₹**[●]** each into [●] Equity Shares of face value ₹**[●]** each, fully paid-up, upon such terms and conditions as may be approved by the members.
RESOLVED FURTHER THAT consequent upon the aforesaid sub-division, the existing Authorised, Issued, Subscribed and Paid-up Share Capital of the Company shall stand appropriately sub-divided without altering the aggregate amount of the Share Capital of the Company.
RESOLVED FURTHER THAT any Director and/or Company Secretary and/or Chief Financial Officer of the Company be and are hereby severally authorised to obtain shareholders’ approval, carry out all consequential actions and do all such acts, deeds and things as may be necessary for giving effect to this resolution.”