Sec. 75 - Allotment of shares for services rendered - Board Resolution;

Sec. 75 - Allotment of shares for services rendered - Board Resolution;

"RESOLVED that whereas Shri Manoj Sharma served as the Manager of the company for a period of 20 years from ………….to……and the company owes him a sum of Rs. 50,000/- towards services rendered, now therefore 5000 equity shares of Rs. 10/- each bearing numbers from……….. to ……… inclusive in the share capital of the company be and are hereby allotted to Shri Manoj Sharma as fully paid-up shares in full and final settlement of the amounts due to him."