Board resolution, sub-division of equity shares and convening of the general meeting

Certified true copy of the resolutions passed at the meeting of the Board of Directors of [ABC Private Limited] held on [Date of the board meeting] at [Board meeting time] at [registered office address]

SUB-DIVISION OF THE EQUITY SHARES OF THE COMPANY AND ALTERATION OF THE CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION

The Chairman informed the Board that the authorised share capital of the Company is Rs [Authorised share capital (Rs)] divided into [Number of authorised equity shares before sub-division] equity shares of Rs [Face value per equity share before sub-division (Rs)] each, of which [Number of issued equity shares before sub-division] equity shares of Rs [Face value per equity share before sub-division (Rs)] each have been issued, subscribed and paid up, and that it is proposed to sub-divide each equity share of the face value of Rs [Face value per equity share before sub-division (Rs)] into [New shares for each old share] equity shares of the face value of Re [1] each, so as to [improve the divisibility of the holdings / facilitate the proposed investment / permit the allotment of shares in smaller lots].