Alteration of capital clause
This query is : Resolved
CS Raju Patro
(Querist)
02 February 2015
Respected Members,
What is the provision if we want to alter the capital clause of the pvt. company in the MOA ie. can we consolidate shares of a smaller face value of rs. 10/- into share of a larger face value of rs. 100/- and reduce the number of shares while keeping the total authorised capital same
What is the provision if we want to alter the capital clause of the pvt. company in the MOA ie. can we consolidate shares of a smaller face value of rs. 10/- into share of a larger face value of rs. 100/- and reduce the number of shares while keeping the total authorised capital same
04 February 2015
yes, you may do so by passing a special resolution by conducting EGM. and need to file mgt-14 and sh-7 for the same
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