Acquire shares of another Company - BR

Board Resolution to acquire shares of another Company under Section 186 of Companies Act, 2013 (Acquisition of shares)

RESOLVED THAT pursuant to Section 186 of the Companies Act, 2013, the consent of the Board of Directors of the company be and is hereby accorded to make investments of Rs. ____________/- (Rupees __________ only) for acquisition of _________ equity shares of Rs.__/- each fully paid up in M/s _____ Ltd. from various existing shareholders of M/s _____ Ltd.

RESOLVED FURTHER THAT Mr. _______, Managing Director of the company be and is hereby authorised to make payment of consideration to the transferors and to do all such necessary act as may be necessary for this act.”

Post a Comment