A Board Resolution To Increase Authorised Share Capital is essential when a company needs to expand its potential to issue additional shares beyond its current authorization. This typically occurs during business expansion, preparation for new funding rounds, stock splits, or strategic corporate actions. The resolution must comply with U.S. federal securities laws and state-specific corporate requirements, including proper documentation of board approval and, when required, shareholder consent. It forms the foundation for amending the company's articles of incorporation and must be filed with appropriate state authorities.

1. Title and Date: Name of company and date of resolution

2. Attendance and Quorum: List of directors present and confirmation of quorum

3. Current Capital Structure: Details of existing authorized share capital

4. Proposed Increase: Specific details of proposed increase in authorized share capital

5. Resolution Text: Formal resolution language approving the increase

6. Authorization: Authorization for officers to take necessary actions

7. Signatures: Signatures of required board members