Consolidation of Shares - OR

Ordinary Resolution to approve consolidation of shares under Section 61(1)(b) of Companies Act, 2013

RESOLVED THAT pursuant to Section 61(1)(b) and other applicable provisions, if any, of the Companies Act, 2013, and Article of Articles of Association of the company, all the _________ (________) equity shares of 5 (Rupees five) each of the company be and are hereby consolidated into ______________ (___________) equity shares of 10/- (Rupees ten) each

RESOLVED FURTHER THAT all the present shareholders holding in all ________________ (___________) issued, subscribed and fully paid equity shares of 5 (Rupees five) each be issued, in lieu of their present shareholding, the number of fully paid consolidated equity shares of ` 10 (Rupees ten) each

RESOLVED FURTHER THAT the Board of directors of the company be and is hereby authorised to take all the necessary steps for giving effect the foregoing resolution, including recall of the existing share certificates, issue of new share certificates in lieu of the existing issued share certificates in terms of the foregoing resolutions and in accordance with the applicable provisions of the Companies Act, 2013 read with Companies (Share Capital and Debentures) Rules, 2014.”

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