Draft a hypothetical resolution of transfer of shares to be adopted by a board of directors.

Minutes of 120th Board Meeting held on 4th March 2007 of ABC Co. Ltd. at its registered office House No. 5, Road No. 16, Dhanmondi, Dhaka.

A meeting of the Board of Director of Tanmoy Company limited was held on —at its registered office.

Following members of the Board were present:
1. Mr. X
2. Mr. Y
3. Mr. Z

Mr. X, Chairman of the Board presided over the meeting.

Following business were transacted in the meeting:

Agenda: 1 Proposal of transfer of shares of shareholder Mr. T

The board was informed that Mr. T applied for transfer of 100 shares from his name to Mr. K and form 117 and related share certificates were submitted duly for necessary action. After discussion the Board decided as follows:

"The proposal for transfer of shares is approved".

As there being no other issues to discuss the meeting ended with vote of thanks to and from the Chair.

Mr. L                                                                              Mr. X
Company Secretary                                                      Chairman of the Board of Directors

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State the time limit for registration of transfer of shares.

Completion of share transfer

As per clause 12(2) of listings regulations the Company shall complete share transfer and have those ready for delivery the share certificates lodged for registration of transfer within 45 days of the application for such transfer and its registration.

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Draft a specimen notice of refusal to register transfer of shares.

A specimen notice of refusal to register transfer of shares.

                                                                       NOTICE

I do hereby beg to draw your kind self that the Board of Directors in the meeting held on……………………. Declined to recognize the transfer of enclosed number of shares as applied by you on …………………….. due to the non submission of form 117 from your end.

 

By order of the board.
Company Secretary.

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