Increase in authorised share capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 December 2013
Whether Articles of Association is required to be altered or not?
In AOA of company contains following Clause
SHARE CAPITAL
4. DIVISION OF CAPITAL
"The Authorised Share Capital of the Company shall be as per paragraph V of the MOA of the company with power to increase or reduce its Share Capital and to divide the shares in the capital for the time being into several classed and to attach thereto respectively such preferential, deferred or such other rights, privileges or conditions as may be determined in accordance with the regulation of the Company and to vary, modify, abrogate, any such rights, privileges or conditions in such manner as may be provided by regulations of the Company and consolidate or sub divide the shares and issue shares of higher or lower denomination by way of ordinary resolution
In AOA of company contains following Clause
SHARE CAPITAL
4. DIVISION OF CAPITAL
"The Authorised Share Capital of the Company shall be as per paragraph V of the MOA of the company with power to increase or reduce its Share Capital and to divide the shares in the capital for the time being into several classed and to attach thereto respectively such preferential, deferred or such other rights, privileges or conditions as may be determined in accordance with the regulation of the Company and to vary, modify, abrogate, any such rights, privileges or conditions in such manner as may be provided by regulations of the Company and consolidate or sub divide the shares and issue shares of higher or lower denomination by way of ordinary resolution
04 December 2013
No need to alter your Company's articles because your article refer to clause V of MOA. It means any changes in MOA will autometically consider in AOA.
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