TABLE   A   - REGULATION 96

 

 

                                                                ISSUE OF BONUS SHARES

 

 

 

1.  Subject                                              - Issue of Bonus Shares.

 

2. Passing Authority                              - Board of Directors.

 

3. Nature of the Resolution                - Resolution with simple majority.

 

4. Specimen Resolution(s):

 

                The Chairman to refer to the resolution passed the meeting of the Board held on 3rd May 2000 allotting 50,000 ordinary shares of Rs.10/- each and to table a list of allotments prepared in this connection giving particulars about members as on 28th May 2000 including the number of bonus shares they are entitled to.

 

                The list of allotments giving particulars of allotment of 50,000 ordinary shares of Rs.10/- each as laid before the meeting and initialled by the Chairman be and is hereby approved.

 

                To  RESOLVE  that in accordance with the resolution passed at the Extraordinary General Meeting of the members of the Company, held on 30th January 2000, 15 ordinary shares of Rs.10/- each representing fractions of shares which 24 members are entitled to, be and are hereby allotted to Mr.A. and Mr.B,  two of the Directors of the Company to be held in trust by them and that the said Mr.A. and Mr.B  be and are hereby authorised to sell  the said 15 shares allotted to them at  the market rate on such day as they think fit and to distribute the net proceeds of sale proportionately among those members, who would have been entitled to the fractional shares.

 

                To further RESOLVE that no Letters of Allotment be issued to the members entitled to the Bonus Shares.

 

                To further RESOLVE that the share certificates representing the aforesaid 50,000 ordinary shares of Rs.10/- each be issued under  thee Seal of the Company and under the printed signatures of Mr.A and Mr.B and the countersignature of C.D., Secretary of the Company as Authorised Signatory.

 

5. Guidelines:

 

                1) The resolution is passed after capitalisation of profits is approved by the Company in general  meeting.

 

                2) The requirements of thee stock-exchange (where the shares are listed) must have been complied with as to the recording date for the purpose of entitlement of bonus shares and/or as to closing Register of Members.

 

                3) The Guidlelines of Securities and Exchange Board of India (SEBI) should be obtained wherever  necessary.

 

6. Filing:

 

                Form 2--(Return of Allotment) within 30 days.