Document background
The Allotment of Shares Board Resolution is a mandatory corporate document required under Indian law whenever a company issues new shares to investors or existing shareholders. This resolution is essential for documenting compliance with the Companies Act, 2013, and related regulations. It is typically used during funding rounds, employee stock options issuance, rights issues, or when converting convertible securities. The document must reflect proper authorization levels, statutory compliance, and detailed terms of the share allotment. It serves multiple purposes: providing evidence of proper corporate authorization, forming part of statutory filings with the Registrar of Companies, and creating a formal record for future reference. The resolution must be drafted carefully to ensure it covers all regulatory requirements and provides clear authorization for officers to execute the share allotment process.
