Cancellation of increase in authorised share capital

Amit Kumar Verma (CA Final CS Professional)   (501 Points)

13 March 2013  

Hi Members!!

Can a public limited company which has passed a resolution in General Meeting to increase the authorised share capital cancel such resolution? The company has neither filed form 5 nor form 23. The company wants to defer the resolution to a later date.

Further the company at the same General Meeting appointed its new Managing Director and filed form 32 in which the aforesaid resolution was sent as an attachment. 

Thank you..