Board resolution, approving a rights issue
A single format from the Rights Issue pack. s.62(1)(a) · s.179(3)(c).
- 3 pages
- 32
- Word and PDF
- 12 September 2026
What it covers
- 1Board resolution, approving a rights issues.62(1)(a) · s.179(3)(c)
Read the opening
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 at [Place of the board meeting] on [Date of the board meeting] at [__:__ hrs]
ISSUE OF EQUITY SHARES ON A RIGHTS BASIS
The Chairman informed the Board that the Company requires further funds of approximately Rs [Funds required (Rs)] for [working capital / expansion of ______ / repayment of ______], and that it is proposed to raise the said amount by an issue of equity shares to the existing equity shareholders of the Company on a rights basis in proportion to the paid-up share capital held by them.