RESOLVED THAT pursuant to provisions of the Companies Act, 2013 and subject to the approval of the members at the general meeting and previous approval of the Central Government (Powers delegated to the Registrar/Regional Director) the Authorised Share Capital of the Company be and is hereby increased from Rs.1,00,000/- (Rupees One Lakh) divided into 10,000 (Ten Thousand) Equity Shares of Rs.10/- each to Rs.10,00,000/- (Rupees Ten Lakhs) by creation of 1,00,000 (One Lakh) Equity Shares of Rs.10/- each, with the right, privileges and conditions attaching thereto as are provided by the regulations of the Company for the time being with the powers to increase or reduce its capital and to divide the shares into the capital for the time being into other classes thereto respectively such preferential, deferred, qualified or other special rights, privileges, conditions, or restrictions, as may be determined by or in accordance with the Articles of Association of the Company and to vary, modify or abrogate any such right, privilege or conditions or restriction in such manner as may for the time being permitted by the Articles of the Company or the legislative provisions for the time being in force in that behalf.
Approval for alteration in the Memorandum of Association of the company:
RESOLVED THAT pursuant to the provisions of the Companies Act, 2013 and the rules made there under and subject to the approval of the Central Government (Powers Delegated to the Registrar/Regional Director) and further approval of the members of the Company, the existing Clause …….. of the Memorandum of Association of the Company be and is hereby altered by substituting the new following Clause ……. in its place:
The Authorised Share Capital of the Company is Rs 10,00,000/- (Rupees Ten Lakhs Only) divided into 1, 00,000 (One Lakh Only) Equity Shares of Rs.10/- each with power to increase or reduce the same in accordance with the provisions of the Companies Act, 2013
FURTHER RESOLVED THAT Mr. A Kumar (DIN:…..), director of the Company be and is hereby authorised to submit an application to the Central Government in the prescribed form and to submit any information, explanation, and to obtain necessary approval of the Central Government for and on behalf of the Company and Mr. B Kumar, Chartered Accountant in practice, Bhubaneswar, Odisha, be and is hereby appointed to appear before the Registrar of Companies/Regional Director and to submit any information and to collect the approval letter from the authorities for and on behalf of the Company.
