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Resolution for Exercise of lien on shares

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(To be obtained on pre-printed corporate letterhead)

 

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS OF ——————PRIVATE LIMITED HELD ON ————- AT THE REGISTERED OFFICE OF THE COMPANY AT ——– A. M. /P.M

“RESOLVED that pursuant to Article…………of the Articles of Association of the company the right of lien on partly paid 100equity shares numbers ………….. to………….. both inclusive, heldand registered in the name of Ms. AB and comprised in ShareCertificate No…………….. be exercised by the Company for non-payment of the final call of Rs.25 per share made on ……… 2000and payable on or before……..2001.”RESOLVED FURTHER that the dividends payable on such sharesbe retained by the Company and applied towards the amount sooutstanding and that the Secretary be and is hereby advised tosend necessary notice of exercise of lien to Ms. AB and securepossession of the aforesaid share certificate for keeping in thecustody of the Company until the amount outstanding on account of the final call be paid and be credited as paid-up.