/Ms. [●], Company Secretary of the Company >, who are further authorized to issue the new Share Certificates, and do all such other act(s), thing(s) and deed(s) as may be required, deemed necessary or incidental to give effect to the above resolution; RESOLVED FURTHER THAT Mr./ Ms. [●] [Name and Designation of the authorized person] of the Company be and is hereby authorized to take steps for payment of applicable Stamp duty for the said issue of shares and to prepare sign and/or execute application(s), document(s), and correspondence(s) in relation to the matter and to submit such paper(s), document(s), etc, to the concerned authorities and to represent the Company in such matters and also to do all such other act(s), thing(s), and deed(s), as may be required or deemed necessary in this regard; RESOLVED FURTHER THAT Mr./ Ms. [●] [Name and Designation of the authorized person] of the Company be and is hereby authorized to record the name of the Shareholders in the Register of Members of the Company and also to file Form PAS-3 with the Registrar of Companies [in case of allotment to a foreign resident] for the purpose of giving effect to this resolution for and on behalf of the Company.”, Corporate Law Reporter is the fastest Indian Law Journal delivered everyday - Free :) Registration takes 30 seconds and entitles you to receive Daily Legal Updates on Corporate Laws in your inbox. The return of Allotment Form in PAS-3 will be filed within 15 days of passing the Board Resolution for the Allotment of Shares. 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As per the provisions of section 62(1)(c) of Companies Act, 2013 where at any time, a company having a share capital proposes to increase its subscribed capital by the issue of further shares, such shares may be offered to any persons, if it is authorised by a special resolution, whether or not those persons include the persons referred to in clause (a) or clause (b) of section 62(1), … “Private Placement” means any offer or invitation to subscribe or issue of Shares to a selected group of persons by a company through private placement offer-cum-application, subject to specific conditions. Board Resolution format for Allotment of Shares Any shares issued under the provisions of the Companies Act, 2013 are required to be alloted to the shareholders within 60 days of receipt of money. The Board of Directors at its meeting held on Thursday, October 25, 2018, has ... by way of preferential allotment on a private placement basis to the following ... and allotment of Equity Shares, resolving any difficulties, effecting any modifications to the RESOLVED FURTHER THAT the Board be and is hereby authorised to issue and allot such number of Equity Shares of the Company as granted to Board to create, offer, issue and allot on a preferential basis, 1,33,33,340 equity shares of face value Rs. In the Board Meeting, Resolution for the approval of Shares on Preferential Basis will be passed, and the following agendas will be discussed: The evaluation of the Valuation report No Basis of Difference Right Issue Private Issue Preferential Allotment 1 Applicable provisions under Companies Act, ... Home>Company Law> Difference Between Right Issue Private Placement Preferential Allotment. 2/- each (“Equity Shares”) for cash at a price of Rs. [●], Director of the Company and Mr. /Ms. Opening of Separate Bank Account for receiving the amount of Subscription: 5. [●], Company Secretary of the Company > who are further authorized to sign and issue the new Share Certificates by affixing the common seal of the Company, and do all such other act(s), thing(s) and deed(s) as may be required, deemed necessary or incidental to give effect to the above resolution; < Use this para in case a Company doesn’t have a common seal > (Delete if not applicable). Applicable provisions under the Companies Act, 2013. ; < Use this para in case a Company has a common seal > (Delete if not applicable). 62: Board Resolution for Issue of Shares on Preferential basis via Private Placement and approval of Letter of Offer in Form PAS-4 & Record of Private … No spam. Date of Passing of Board Resolution August 06, 2018. Nature of Shares i.e. Private placement refers to ‘offer of securities or any invitation to subscribe to securities’ by any company to a selected group of investors. [●] and Mr. /Ms. 4 Certified true copy of the shareholding pattern of the company, pre and post issue of shares in the format given as per Regulation 31(1) of the SEBI (LODR) Regulations, 2015 as on the date of allotment. Record of Private Placement Offer; RESOLVED FURTHER THAT Mr./ Ms. [●] [Name and Designation of the authorized person]  of the Company, be and is hereby authorized to file the said Form PAS-4 and Form PAS-5 in e-Form GNL-2, e- Form MGT-14 and such other Forms and returns as may be required, with the Registrar of Companies and to do all necessary acts, deeds, matters and things and to make the necessary entries in the applicable Registers including but not restricted to Register of Members for the aforesaid issue and allotment of Equity Shares.”, Corporate Law Reporter is the fastest Indian Law Journal delivered everyday - Free :) Registration takes 30 seconds and entitles you to receive Daily Legal Updates on Corporate Laws in your inbox. Certified copy of the resolution passed by the Board of Directors for allotment of equity shares on preferential / private placement basis. Conditions of Private Placement are also required to be followed for Preferential allotment (Rule 13 (1)); Exception to the above condition is that the shares are allotted to one or existing members only; Preferential Allotment can be made only for equity share or for securities convertible into equity shares.