Draft Board Resolution for Split of Shares Certificates

Resolved That pursuant to provisions of the Articles of Association of the Company and such other provisions of the Companies Act, 2013 read with Rules thereunder (including any statutory modifications or re-enactment thereof) as may be applicable for the time being in force, the consent of the Board of Directors of the Company be and is hereby accorded for splitting the Share Certificate No. _____ for _____ Equity/Preference shares in the name of Mr. /Ms. _____ as follows:

Resolved Further That the Share Certificate No. _____ be and is hereby cancelled on split of shares.

< Use this para in case a Company has a common seal > (Delete if not applicable)

Resolved Further That the share certificate be issued pursuant to the provisions of Section 46 of Companies Act 2013 read with Rule 5 of the Companies (Share Capital and Debentures) Rules, 2014, and any other applicable provisions of Companies Act, 2013 read with Rules thereunder (including any statutory modifications or re-enactment thereof, for the time being in force) in Form SH-1 and be executed and signed under the common seal of the Company and in the presence of  <Mr. /Ms. _____ and Mr. /Ms. _____, Directors of the Company> OR (wherever there is a Company Secretary) <Mr. /Ms. _____, Director of the Company and Mr. /Ms. _____, Company Secretary of the Company > who are further authorized to sign and issue the new Share Certificates by affixing the common seal of the Company, and do all such other act(s), thing(s) and deed(s) as may be required, deemed necessary or incidental to give effect to the above resolution.

< Use this para in case a Company doesn’t have a common seal > (Delete if not applicable)

Resolved Further That the share certificate be issued pursuant to the provisions of Section 46 of Companies Act 2013 read with Rule 5 of the Companies (Share Capital and Debentures) Rules, 2014 and any other applicable provisions of Companies Act, 2013 read with Rules thereunder (including any statutory modifications or re-enactment thereof, for the time being in force), in Form SH-1 in respect of shares allotted as aforesaid, under the signature of <Mr. /Ms. _____ and Mr. /Ms. _____, Directors of the Company> OR (wherever there is a Company Secretary) <Mr. /Ms. _____, Director of the Company and Mr. /Ms. _____, Company Secretary of the Company >, who are further authorized to issue the new Share Certificates, and do all such other act(s), thing(s) and deed(s) as may be required, deemed necessary or incidental to give effect to the above resolution.

Resolved Further That Mr./ Ms. _____ [Name and Designation of the authorized person] of the Company be and is hereby authorized sign and/or execute such paper(s), document(s), etc, and to do all such other act(s), thing(s), and deed(s), as may be required or deemed necessary in to give effect to the above resolution.