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Board Resolution for Issue/Allotment of Shares at Premium : Format / Template

The following is a template of board resolution for Issue/Allotment of Shares at Premium.

"RESOLVED that pursuant to Section 52 of the Companies Act, 2013 and subject to such modifications and conditions as the Securities and Exchange Board of India may impose, the Directors of the Company be and are, hereby authorised to issue 10,000 equity shares of Rs. 10/- each at such premium not exceeding Rs. 20/- per share in consultation with the lead managers to the issue.

RESOLVED that pursuant to the provisions of section 52 of the Companies Act, 2013, the sum received being the aggregate amount of the premium received on the issue and allotment of 10,000 equity shares of Rs. 10/- each be transferred to "the Securities Premium Account" of the Company maintained with the ____ (Bank details)."

Earlier similar provisions were prescribed under section 78 of the companies act 1956.

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