Company law

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Sambit (Querist)
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10 June 2010 what is the effect of not passing the ordinary board resolution for increasing the share capital of the company under s.94 of Companies Act, 1956?

to ankur: so acc to u ,the increase of share capital of the company is invalid.
But what if there has been resolution to allot those extra shares.

Ankur Garg

Ankur Garg (Expert)
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10 June 2010 For increase in authorised capital of the company an ordinary resolution is required to be passed by shareholders in general meeting u/s 94.

Filing of form 5 with stamp duty also an essential requirement. Without filing of form-5 increase will be in effective.

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