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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Specified Profession
- GST ON DAMAGED GOODS
- Taxation on LTCG for property sold after 24JUL2024
- Last year TDS Claim
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
