Board Resolution
This query is : Resolved
26 February 2009
I need a board resolution draft copy for incresing authorised capital.
Sudipta
Sudipta
26 February 2009
Authorised capital can be increased in a General Meeting only
DRAFT RESOLUTION
"RESOLVED THAT pursuant to the provisions of section 94 of the Companies Act, 1956 and other applicable provisions of the Companies Act, 1956, if any, the authorised capital of the company be increased from Rs. 12,00,000 to Rs. 24,00,000 by the creation of 1,20,000 equity shares of Rs. 10 each ranking for dividend and in all other respects pari passu with the existing equity shares in the company."
Special resolution for consequential amendment of Articles of Association
"RESOLVED THAT pursuant to the provisions of section 31 of the Companies Act, 1956 and other applicable provisions of the Companies Act,1956, if any, the Articles of Association of the Company be altered in the manner following:—
"That Article 4 shall be deleted and the following new Article 4 is substituted
therefor:
4. The Authorised Capital of the company is Rs. 24,00,000 divided into
2,40,000 equity shares of Rs. 10 each."
DRAFT RESOLUTION
"RESOLVED THAT pursuant to the provisions of section 94 of the Companies Act, 1956 and other applicable provisions of the Companies Act, 1956, if any, the authorised capital of the company be increased from Rs. 12,00,000 to Rs. 24,00,000 by the creation of 1,20,000 equity shares of Rs. 10 each ranking for dividend and in all other respects pari passu with the existing equity shares in the company."
Special resolution for consequential amendment of Articles of Association
"RESOLVED THAT pursuant to the provisions of section 31 of the Companies Act, 1956 and other applicable provisions of the Companies Act,1956, if any, the Articles of Association of the Company be altered in the manner following:—
"That Article 4 shall be deleted and the following new Article 4 is substituted
therefor:
4. The Authorised Capital of the company is Rs. 24,00,000 divided into
2,40,000 equity shares of Rs. 10 each."
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Multiple trade mark
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Transporter Declaration form
- Value of property in capital gain
- Copyright software
- LC charges in relation to Asset purchased should be Capitalised ?
- Regarding TDS Applicability For Director Remuneration
- TDS APPLICABILITY....../
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
