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Increase of share capital

This query is : Resolved 
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(Querist)
11 January 2011 Hi,
Can a director increase his paid-up share capital without of Board of director resolution or written consent from other directors, assuming that there are only two directors in a pvt ltd company.

Thanks
Alok
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
11 January 2011 Resolution for allotment of shares needs to be passed in the board meeting irrespective of whether it is a public company or private limited company.
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Jayashree S Iyer

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Jayashree S Iyer (Expert)
12 January 2011 Board resolution is reqquired to be passed.
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