Company law
This query is : Resolved
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.
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.
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.
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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