WHEREAS the underwriting offers/proposals received from financial institutions, banks, merchant bankers and brokers aggregating Rs. ………… in respect of equity shares/debentures along with a list setting out the names of such underwriters and their respective underwriting commitments for the consideration of the Board;
AND WHEREAS the Board considered the offers and decided to accept all the offers of the underwriters so received;
"NOW THEREFORE it is resolved that the underwriting offers received by the company from the financial institutions, banks, merchant bankers and brokers, whose names, addresses and respective underwriting commitments are set out in the list of underwriters tables at the meeting, along with their respective underwriting letters, be and are hereby accepted upon the terms and conditions as set out in their respective underwriting letters.
RESOLVED further that Shri. …………, Managing Director and Shri. …………., Secretary be and are hereby severally authorized to accept and convey on behalf of the company the acceptance of the said underwriting offers upon the terms and conditions contained in the respective underwriting letters of the said underwriters and to do all such acts, deeds and things which may be necessary for the purpose of concluding and giving effect to the said underwriting offers."
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