below is my query if you can help me out it would be great. I want to reclassify equity shares to Prefernec shares. I know MOA will be amended by Passing OR. but I want to know whether AOA will also be amended or not. My capital clause in AOA is as below:
"The Authorised Share Capital of the Company as mentioned in Clause V of the Memorandum of Association of the Company with power of the Board of Directors to sub-divide, consolidate and increase and with power from time to time, issue any shares of the original capital with and subject to any preferential, qualified or special rights, privileges or conditions as may be, thought fit, and upon the sub-division of shares apportion the right to participate in profits in any manner as between the shares resulting from sub-division."
This is the general clause which most of the Co. adopt, but It doesnot specifically give authorisation to re-classify. Do I need to amend this clause and incorporate word Re-Classify????

jdjdj

DEAR SIR./MADAM

AS ON 31.3.2016 PHYSICAL STOCK (PSV) OF GROUND IS 990000 MT WHILE IN THE BOOKS (RG) STOCK WAS 100000 MT THE DIFFERENCE OF 10000 MT BETWEEN PHYSICAL STOCK AND RG , HOW IT IS TREAT . PYSICAL STOCK TAKEN ON L*B*H= V*DENSITY BASIS , STOCK IN HUGE QUANTITY . NOT TO MEASABLE ON ACCURATE BASIS.

IN RG MAINTAIN
OPENING STOCK + PRODUCTION -DESPATCHES-INTERNAL CONSUMTION =CLOSING

NOTE : DAILY PRODUCTION DECLARE ON MATERIAL SHIFTED FROM PRODUCTION DEPARTMENT TO SALEABLE DEPARTMENT (READY TO DESPATCH) ON ACTUAL BASIS.

AT THE TIME OF PSV WE WILL TAKE STOCK SALEABLE DEPARTMENT (READY TO DESPATCH SECTION)

SUPPOSE, IN RETURN OF ER-1 SHOWING CLOSING STOCK 100000 MT
AND NEXT YEAR WE WILL TAKE OPENING STOCK OF 1.4.2016 IS 990000 MT

10000 MT FOUND SHORTAGES DURING THE PSV

THIS TREATMENT IS OK OR NOT OR OTHERWISE WHICH TREATMENT REQUIRED

PLEASE ADVISE US

Hello friends
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Please guide me..
Awaiting your reply,

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