Increase in Authorised Capital
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1.
To Check:
(a)
Authority in Articles
of Association regarding increase in Authorised Capital. If not given alter
Articles first.
(b)
Authorised Capital
Article of Articles of Association, generally we have Article like-
“The Authorised Share Capital of the Company will be
such amount and such description as shall have been stated in Clause V of the
Memorandum of Association of the Company from time to time.”
In case Article of Association of your Company have Article which states
the present Authorised Capital (in numbers like Rs. 1,00,000/-) then you will
also simultaneously need to pass Special Resolution for Alteration of Articles
of Association.
2. To hold Board Meeting and
passed resolution approving:
(a) Increase in Authorised
Capital
(b) Notice calling General
Meeting
3.
To hold General Meeting and pass Resolution for:
(b)Alteration
of Articles of Association (in case Applicable) – Special Resolution
4.
To file following e-Form with RoC within 30 days
of passing of ordinary resolution:
(a) Form
MGT-14. Attachment: (i) Ordinary Resolution with Ex St (ii) Altered MOA (iii)
Shorter Notice (if applicable). – Statutorily not required, but as good
corporate governance and practice followed by fellow members, it is advised to
file.
(b) Form
SH-7. Attachment: (i) Ordinary Resolution with Ex St (ii) Altered MOA (iii) Altered AOA (if applicable).
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