what is the
procedure for alteration of capital under capital clause
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alteration of capital clause
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Alteration in the capital clause of Memorandum of Association of a company may be of the following types: 1. Alteration of Share Capital 2. Reduction in Share Capital 3. Reserve Capital or Reserve Liability 4. Variation of the Rights of Shareholders 5. Reorganisation of Capital
An increase or decrease in the share capital of a company may be carried out as and when the company requires thus leading to an alteration in the company's share capital. The alterations to the capital clause have to be done according to the Companies Act, 2013.
Following are the cases where a company has to alter its Memorandum of Association (MOA) as per provisions of Section 13 of the Act read with Companies (Incorporation) Rules, 2014 (the Rules)
Change of Name;
Alteration of Authorized Capital
Change in Objects, and
Shift of Registered Office
have to pass speacial resolution in the board meeting. file a copy of the same with the registrar of companies within 30 days from the date of resolution.
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