Companies act 1956
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 March 2012
our company filed on 13/10/2011 e-form 23 for increase in authorised share capital
the proposal for increase in share capital at that time was form 10 lakhs to 5 crores
but did not file form 5
now on 15th march 2012 the board decided to increase it form 10 lakhs to 2 crores
what is the procedure to effect the change
whether is it possible to cancel the earlier resolution
the proposal for increase in share capital at that time was form 10 lakhs to 5 crores
but did not file form 5
now on 15th march 2012 the board decided to increase it form 10 lakhs to 2 crores
what is the procedure to effect the change
whether is it possible to cancel the earlier resolution
Ajay Mishra
(Expert)
23 March 2012
Hi
No, if shareholders has already passed the resolution for increase of share capital and you have intimated the same to ROC in Form-23 on 13/10/2011, then it is required to file Form-5 with ROC with additional payment.
You can not rectified the same in next general meeting.
Regards
No, if shareholders has already passed the resolution for increase of share capital and you have intimated the same to ROC in Form-23 on 13/10/2011, then it is required to file Form-5 with ROC with additional payment.
You can not rectified the same in next general meeting.
Regards
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