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Share capital

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20 December 2013 Company having Authorized share Capital of Rs. 10 Cr. divided into 10 lacs equity share of rs. 100/- each. At present Rs. 6 Cr Subscribe and paid up capital of the company.

Whether the existing Authorized Capital of rs. 10 Cr. can be divided into 8 lacs Equity Share Rs. 100/- each as and 2 lacs 12% redeemable preference of Rs. 100/- each without increasing the authorized capital.
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Ajay Mishra

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Ajay Mishra (Expert)
20 December 2013 I think Authorised share capital is wrong because you have not mentioned preference shares.
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