Kindly advise whether it is required to file MGT 14 for aprivate company for increasing its authorized capital
sunita rana (no) (100 Points)
20 December 2014Kindly advise whether it is required to file MGT 14 for aprivate company for increasing its authorized capital
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 20 December 2014
Answer is same as your name - "No"
Simranjeet Singh
(Proprietor at S Simranjeet & Associates Company Secretaries)
(4396 Points)
Replied 20 December 2014
No, it is not required.. but if u need to alter your articles by passing SR for alteration of Articles resulting from increase in AC then it is required..
sunita rana
(no)
(100 Points)
Replied 20 December 2014
but in this context director are execrising its power of incresing authorized capital
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17848 Points)
Replied 26 December 2014
Rightly answered by the learned members, it is not required to file form MGT 14 for increase in authorised share capital if you are passing ordinary resoluion only.
In case you have passed Special Resolution or you have also altered your articles, you need to file form MGT 14 as well.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
