Board resolution, noting a pledge of shares by a shareholder
A single format from the Pledge, Lien and Encumbrance pack. s.179(3) · Depositories Act 1996, s.12 · Articles.
- 2 pages
- 28
- Word and PDF
- 12 September 2026
What it covers
- 1Board resolution, noting a pledge of shares by a shareholders.179(3) · Depositories Act 1996, s.12 · Articles
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 [ABC Private Limited] held on [Date of the board meeting]
NOTING OF PLEDGE OF EQUITY SHARES BY [NAME OF SHAREHOLDER]
The Chairman informed the Board that the Company had received on [Date the company received the pledge notice] a notice from [Name of shareholder], a Member of the Company holding [Number of shares held by the pledgor] equity shares of Rs [Face value of each share (Rs)] each under Folio No. [Pledgor's folio number] [/ in demat account DP ID ____ Client ID ____], intimating that he has created a pledge over [Number of shares pledged] of the said equity shares in favour of [Name of the pledgee] (the “Pledgee”) as security for [credit facilities of Rs ____ granted to [borrower] under the [facility agreement] dated DD.MM.YYYY].