Board resolution for issue of shares to an NRI / OCI

Certified true copy of the resolution passed at the meeting of the Board of Directors of [Company] held on [DD.MM.YYYY]

ALLOTMENT OF EQUITY SHARES TO [NAME], A NON-RESIDENT INDIAN / OVERSEAS CITIZEN OF INDIA

"RESOLVED THAT, pursuant to sections 42 and 62(1)(c) of the Companies Act, 2013 and the rules made thereunder, the special resolution of the members passed on [Date of members' special resolution], and the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019, the Board hereby allots [Number of equity shares allotted] equity shares of face value Rs [Face value per share (Rs)] each, fully paid, at a price of Rs [Issue price per share (Rs)] per share (including premium of Rs [Premium per share (Rs)]), aggregating Rs [Total issue amount (Rs)], to [Allottee's name], [a Non-Resident Indian / an Overseas Citizen of India cardholder] residing at [Allottee's address], on a [repatriation / non-repatriation] basis, the application money having been received on [Date application money was received] [by inward remittance / by debit to the allottee's NRE / FCNR(B) / NRO account].