Increase of authorized capital
This query is : Resolved
25 June 2016
DEAR SIR,
A COMPANY WANTS TO INCREASE ITS AUTHORIZED CAPITAL, IN THIS PROCESS IT HAS TO ALTER THE CAPITAL CLAUS IN MEMORANDUM OF ASSOCIATION BUT THE ORIGINAL INCORPORATION IS DONE UNDER THE OLD COMPANIES ACT 1956.
CAN WE ALTER CAPITAL CLAUS IN THE OLD MOA OR A NEW MOA IS TO BE ADOPTED, IF NEW MOA IS ADOPTED IS IT NECESSARY TO ADOPT AOA ALSO
PLEASE CLARIFY SIR,
BEST REGARDS,
NARASIMHA
A COMPANY WANTS TO INCREASE ITS AUTHORIZED CAPITAL, IN THIS PROCESS IT HAS TO ALTER THE CAPITAL CLAUS IN MEMORANDUM OF ASSOCIATION BUT THE ORIGINAL INCORPORATION IS DONE UNDER THE OLD COMPANIES ACT 1956.
CAN WE ALTER CAPITAL CLAUS IN THE OLD MOA OR A NEW MOA IS TO BE ADOPTED, IF NEW MOA IS ADOPTED IS IT NECESSARY TO ADOPT AOA ALSO
PLEASE CLARIFY SIR,
BEST REGARDS,
NARASIMHA
25 June 2016
Yes, Table A and Table F of Companies Act,2013 has to be followed.
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