Board resolution, allotment of bonus shares

Extract from the minutes of the meeting of the Board of Directors of [Company Name] Private Limited held at [Place of the allotment board meeting] on [Date of the allotment board meeting] at [__:__ hrs]

ALLOTMENT OF BONUS SHARES

The Chairman informed the Board that the Members of the Company, at the extraordinary general meeting held on [Date of the extraordinary general meeting], authorised the capitalisation of a sum of Rs [Amount of reserves capitalised (Rs)] standing to the credit of the [securities premium account] of the Company and the issue of [Number of bonus shares to be allotted] fully paid-up bonus equity shares of Rs [Face value of each equity share (Rs)] each in the proportion of [Bonus shares allotted (number)] new equity share for every [For every existing shares held (number)] existing equity share held as at the close of business on [Record Date for bonus entitlement], being the Record Date.