Increase in Authorised Capital
This query is : Resolved
15 May 2010
One private limited company incorporated since 1960 has capital caluse as below:
Authorised capital of INR 10 lacs
a. Class A share of Rs 55,000
b. Class B Share of Rs.25,000
c. Class C Shares of Rs. 10,000 each (2 Shares)
d. 9000 cummulative redeemable preference shares of Rs. 100 each
Now my query is, company wants to increase its Autho. capital by Rs. 10 lacs through equity capital....then in form 5 what should be the status of the new shares ....as it can not rank pari-passu with the existing shares...???
please help.
Megha Shah
Authorised capital of INR 10 lacs
a. Class A share of Rs 55,000
b. Class B Share of Rs.25,000
c. Class C Shares of Rs. 10,000 each (2 Shares)
d. 9000 cummulative redeemable preference shares of Rs. 100 each
Now my query is, company wants to increase its Autho. capital by Rs. 10 lacs through equity capital....then in form 5 what should be the status of the new shares ....as it can not rank pari-passu with the existing shares...???
please help.
Megha Shah
17 May 2010
The increased capital can be pari passu to a particular class of shares. If equity shares are issued only out of one class of shares, then a better option would be to also merge all the classes in the Authorised capital. If the shares are not issued, then you may change the class in the authorised capital at any point of time.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- STCG....................................................
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- TAN for Partnership
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- E way bill for tractors
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
