Board resolution for stock split under Companies Act, 2013 with detailed compliance, shareholder approval and implementation clauses.
“RESOLVED THAT pursuant to the applicable provisions of the Companies Act, 2013 read with the rules made thereunder, including any statutory modification(s), amendment(s) or re-enactment(s) thereof for the time being in force and subject to the approval of the shareholders and other regulatory authorities, as may be required, consent of the Board be and is hereby accorded for subdivision/split of the Equity Shares of the Company from face value of ₹[●] each into Equity Shares of face value of ₹[●] each.
RESOLVED FURTHER THAT consequent to the aforesaid subdivision/split of Equity Shares, the existing share certificates and/or electronic holdings representing the Equity Shares of the Company be adjusted accordingly in the records of the Company.
RESOLVED FURTHER THAT any Director and/or Company Secretary and/or Authorised Signatory of the Company be and are hereby severally authorised to take all necessary steps including convening general meeting, filing requisite forms, issuing notices and doing all such acts, deeds and things as may be necessary for giving effect to this resolution.”
No rules under this Section yet.