Memorandum of association

This query is : Resolved 

16 December 2016 The authorized share capital of the Company is Rs.200,00,000/-
(Rupees Two crores only) divided into 200,000 (Two lakhs only) Equity
Shares of Rs.100/- each, (Rupees hundred Only) with power to increase
or reduce the same in accordance with the provisions of the Act.

MCA says Capital clause is not as per Companies Act 2013?
Plz post your views

17 December 2016 Please delete the words from "with power ......to the Act" Inference - clause 5 of Table A , E and clause 6 of Table C.


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