Clarification on section 13 of companies act 2013
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 February 2015
Respected sir,
We want to sub divide capital and our article gives authority for it. Therefore, ordinary resolution is required but we are confused ,what should we go for Memorandum?
Whether ordinary or special resolution as per Section 13 of Companies Act 2013?
We want to sub divide capital and our article gives authority for it. Therefore, ordinary resolution is required but we are confused ,what should we go for Memorandum?
Whether ordinary or special resolution as per Section 13 of Companies Act 2013?
07 February 2015
Sub division of shares u/s 61(1)(d) needs ordinary resolution . But alteration of MOA is covered u/s 13 which needs special resolution.
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