Chitika

Thursday 24 March 2011

Sec. 72 - Allotment of shares oversubscribed - Board Resolution;




 
"RESOLVED that 1,00,000 equity share in the share capital of the company of Rs. 10/- each, on which Rs. 5/- the money payable on application has been received, be and is hereby allotted on the basis of the scheme of allotment finalized in consultation with the ……… Stock Exchange, to the applicants as detailed in the Allotment Register which was tabled on the table and duly initialed by the Chairman for the purpose of identification.
RESOLVED further that the Secretary be and is hereby authorized to arrange necessary refunds to those who paid in excess of the amount payable on his/her allotments made according to the scheme of allotment agreed upon by the Stock Exchange within the time prescribed in section 73(2A) of the Companies Act, 1956."

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