Board resolution, allotment of shares on exercise of options
A single format from the Employee Stock Options pack. s.62(1)(b) · Rule 12 · PAS-3.
- 2 pages
- 20
- Word and PDF
- 12 September 2026
What it covers
- 1Board resolution, allotment of shares on exercise of optionss.62(1)(b) · Rule 12 · PAS-3
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The first part of the format, as it downloads. Blanks are highlighted.
Extract from the minutes of the meeting of the Board of Directors of [Company Name] Private Limited held on [Date of board meeting allotting shares on exercise]
ALLOTMENT OF EQUITY SHARES ON EXERCISE OF EMPLOYEE STOCK OPTIONS
The Chairman informed the Board that the Company had received valid exercise applications from the employees named in the Annexure in respect of an aggregate of [Total options exercised] vested options granted under the [Company Name] Employee Stock Option Scheme [20__], together with the aggregate exercise price of Rs [Total exercise price received (Rs)] received through banking channels. The Chairman confirmed that the options exercised had duly vested, that not less than one year had elapsed between grant and vesting in each case, and that the exercise had been verified against the Register of Employee Stock Options in Form SH-6.