Changes in the structure of share capital

Gargi Ranade (CS) (619 Points)

17 October 2012  

Dear All,

We are Pvt. Ltd. Co. having Authorised Share Capital of 76 Cr.

Authorised Capital is divided in to 36 Cr. Equity Capital, fully issued  & 40Cr. of Pref. sharer Capital.

40 Cr. Pref capital is redeemed over the period. Howver in order to keep option open we have reduced pref. capital only through paid up capital . hence , Authorised share Capital still has 40Cr. in Prf. Capital.

Now we want to infuse fresh equity capital in the company. Is there any way by which we can reclassify the Authorised share capital fully in to 76 Cr. of Equity Capital.

What is the procedure for the same?

Regards,

Gargi