“RESOLVED THAT pursuant to the provisions of Article of Association of the Company, notice be given to those members of the Company, who have not paid the (number of call) call amount on equity shares held by them in the company till the date of (date), which was fixed and notified for payment of the call, calling upon them to pay such call amount on or before (date) together with interest at the rate of % per annum from the following day of the said date upto the date of actual payment and stating that in the event of non-payment of the call money on or before the said date, the shares will be liable to forfeiture.
RESOLVED FURTHER THAT Mr.……………….. Director/Company Secretary, be and is hereby authorized to serve, notice to the defaulting members of the Company in terms of the foregoing resolution by registered post with acknowledgment due.”