Companies act 1956

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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

Ajay Mishra

Ajay Mishra (Expert)
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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

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