Sec. 77 - Purchase by Co. of its own shares to the trustees of the Employees Benefit and Welfare Trust on firm allotment - Board Resolution;

Sec. 77 - Purchase by Co. of its own shares to the trustees of the Employees Benefit and Welfare Trust on firm allotment - Board Resolution;

 

RESOLVED that a sum of Rs. …………. (Rupees ………….) only be given to the Trustees of the Employees’ Benefit and Welfare Trust for subscription by them to the fully paid up equity shares of the company reserved for firm allotment pursuant to the General Body Resolution dated ………… and to be held by and for the benefit of the employees of the Company in accordance with the `Employees’ of the Company in accordance with the `Employees’ Welfare Scheme’ approved by the Board vide Resolution dated …………