Authorised capital on date of agm

488 views 2 replies

Dear Experts,

On the AGM held on 24.07.2014, M/s X Pvt Ltd has passed the requisite resolutions for altering the MOA and AOA and raising the authorised capital from Rs.2,00,000 to Rs.5,00,000. The MGT 14 and SH 7 have been filed and approved by ROC on 16.08.2014. 

 

The query is,

a) what is the authorised capital on date of AGM?

b) On what date does the authorised capital stand increased?

c) Is it appropriate for the company to make a private placement (Resolution u/s 62 passed at the AGM itself) before 16.08.2014?

 

Your views and advice on the matter is much appreciated.

 

Thanks,

g.k.

 

Replies (2)
Hi, the Authorized capital will be said to be increased from the date the members have approved...in your case, it will be 24/07/2014 and the authorized capital as on date of agm will be rs. 500000. yes, you can start the process of private placement after 24/07/14 itself, since officially the authorized capital has been increased from that day onwards... filing with ROC is required for compliance purposes.. Hopefully it is clear.if not revert here.....

Thank you Vandana for the clarification :)

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 July 2026
C.A./CA Inter OR pursuing C.A./GST/Accounts/Audit/IT - Head

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details