Procedure for increase of authorised share capital of pvt co
This query is : Resolved
udma vinayak
(Querist)
15 September 2014
Doubts:
1)AOA not providing power to alter share capital , so there is need to alter AOA , procedure ?
2)Which companies Act to follow ?
1)AOA not providing power to alter share capital , so there is need to alter AOA , procedure ?
2)Which companies Act to follow ?
CS Mitesh Mehta
(Expert)
15 September 2014
1. Yes
Section 61 of the Companies Act, 2013, mandates that for increasing the Authorised share capital, authorization in Articles of Association is a pre-condition.
2. Companies Act, 2013
Section 61 of the Companies Act, 2013, mandates that for increasing the Authorised share capital, authorization in Articles of Association is a pre-condition.
2. Companies Act, 2013
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udma vinayak
(Querist)
15 September 2014
i also need information regarding forms for filing with roc in regarding alteration of AOA,and alteration of authorised share capital.???
CS Mitesh Mehta
(Expert)
15 September 2014
ALETRATION OF AOA
e-Form MGT 14
ALTERATION OF AUTHORIZED SHARE CAPITAL
File form SH-7 within 30 days of passing of Ordinary Resolution with the concerned Registrar of Companies, with prescribed fees and along with following attachments as desired by section 64:
a. Certified True copy of Ordinary Resolution;
b. Altered Memorandum of Association.
e-Form MGT 14
ALTERATION OF AUTHORIZED SHARE CAPITAL
File form SH-7 within 30 days of passing of Ordinary Resolution with the concerned Registrar of Companies, with prescribed fees and along with following attachments as desired by section 64:
a. Certified True copy of Ordinary Resolution;
b. Altered Memorandum of Association.
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udma vinayak
(Querist)
15 September 2014
sir ,
whether altered MOA and Altered AOA can be filed together in same form (mgt 14)
also the company in this case have do this process as in Feb 2013 ..so which co act applies ?/
whether altered MOA and Altered AOA can be filed together in same form (mgt 14)
also the company in this case have do this process as in Feb 2013 ..so which co act applies ?/
udma vinayak
(Querist)
15 September 2014
Mitesh sir,
the status of my company is as follows:
figures in balance sheet as on 31.3.2013
1) share application money (excess) collected from members not refunded for last 7 years....amounting 27 lakhs.
2)share application money (pending allotment) amounting 4 lakhs for past 7 years.
the authorised share capital of co is 5 lakhs of 1 lakh is already issued...
my decision is increase the authorised capital to (27 + 5)= 32 lakhs ..so that the amount cannot be refunded and not to paid in investors education fund ...
need ur expert opinion sir..
the status of my company is as follows:
figures in balance sheet as on 31.3.2013
1) share application money (excess) collected from members not refunded for last 7 years....amounting 27 lakhs.
2)share application money (pending allotment) amounting 4 lakhs for past 7 years.
the authorised share capital of co is 5 lakhs of 1 lakh is already issued...
my decision is increase the authorised capital to (27 + 5)= 32 lakhs ..so that the amount cannot be refunded and not to paid in investors education fund ...
need ur expert opinion sir..
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