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Alteration of capital clause

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(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
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c.bakshi

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c.bakshi (Expert)
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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