INCREASE IN THE NUMBER OF DIRECTORS





"RESOLVED THAT subject to the approval of the Central Government and the shareholders at General Meeting, the number of Directors in office for the time being be and is hereby increased from ___ to ___."

RESOLVED FURTHER THAT the Secretary of the Company be and is hereby authorised to make necessary application to the Central Government for seeking their approval to the increase in number of directors and to do all such acts, deeds and things as may be necessary in this regard."

In case alteration in the Articles of Association is also required

"RESOLVED THAT subject to the approval of the Central Government and the shareholders at General Meeting, the existing clause ___ of the Articles of Association

"The number of Directors shall not be less than _____ nor more than ________."

shall be substituted by the following:

"The number of Directors shall not be less than _____ nor more than ________."

RESOLVED FURTHER THAT the Secretary of the Company be and is hereby authorised to make necessary application to the Central Government for seeking their approval to the increase in number of directors and to do all such acts, deeds and things as may be necessary in this regard."