16 October 2012
I filed Form 5 & Form 23 regarding Increase in Authorised Capital, in reply from MCA PORTAL I got a message stated below: "Furnish signed copy of Board Resolution & Certified copy of altered moa Form should be resubmitted" what steps should I followed?? and will you please provide me the specimen copy of Board Resolution passed in EGM for Increase in Authorised capital and also tell me, whether subsciber sheet is also altered in altered??
17 October 2012
You need to attach (i) Extract of resolution showing increase in authorised capital. (ii) The altered copy of MOA showing increase in authorised capital - attested(signed by directors on all pages with "for director" stamp)
17 October 2012
“RESOLVED THAT pursuant to Section 94(1)(a) read with Section 86(a) of the Companies Act, 1956, and other applicable provisions, if any, the authorized share capital of the Company be and is hereby increased from Rs. 1,00,000/- (Rupees One lakh only) divided into 10,000 equity shares of Rs. 10/- each to Rs. 1,00,00,000/- (Rupees One crore only) divided into 10,00,000 equity shares of Rs. 10/- each, with voting rights.
RESOLVED FURTHER THAT the existing Clause V of the Memorandum of Association of the Company as to share capital be and is hereby deleted and in its place the following clause V be substituted:
“The Authorised Capital of the Company is Rs. 1,00,00,000/- (Rupees One crore only) divided into 10,00,000 (Ten lakh) equity shares of Rs. 10/- (Rupees ten only) each.”
RESOLVED FURTHER THAT in relation to the increase of the Authorized Share Capital made by the Company, each of Mr.A, Director of the Company, and Mr.B, Director of the Company, be and is hereby authorized singly to file with the Registrar of Companies, Form No. 5 and to do anything and everything that is necessary in connection therewith and incidental and ancillary thereto.”
EXPLANATORY STATEMENT PURSUANT TO SECTION 173(2) OF COMPANIES ACT, 1956
The present Authorised Share Capital of the Company is Rs. 1,00,000/- divided into 10,000 Equity Shares of Rs. 10/- each. Having regard to the requirement for funds for starting operations of the Company, it is proposed to increase the Authorised Share Capital of the Company to Rs. 1,00,00,000/- (Rupees One crore only) divided into 10,00,000 (Ten lakh) Equity Shares of Rs.10/- (Rupees Ten) each.
For the above matter, the Memorandum of Association is to be altered, for which your consent is sought.
None of the directors is interested in the above resolution.
CAclubindia
