Procedure for increase in share capital

This query is : Resolved 

09 June 2016 is it mandatory to file form mgt 14 fr resolutions for increase in paid up share capital of private limited companies & as in this case it would be further issue of shares n is it mandatory to open new seperate bank account to deposit application money

10 June 2016 Yes, Company has to file with Registrar, Form no MGT 14 within 30 days of passing resolution along with certified copy of resolution passed at the meeting and along with altered copy of MOA & AOA. ( section 61 of companies act)


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