Increase of share capital
This query is : Resolved
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
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
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.
Jayashree S Iyer
(Expert)
12 January 2011
Board resolution is reqquired to be passed.
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