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Increase in authorised share capital

147 views 1 replies

monik

employee

25 Points Joined February 2018

In the case of increase in the authorised share capital of company

which type of resolution ir reqiuired (ordinary resolution or special resolution) for amendment in the capital clause of MOA and in the AOA to increase the authorised share capital of the company.

because in section 13 which deals with the amendment in MOA and section 14 which deals with the amendment of AOA, there is no point relating to type of resolution required for amendment in the capital clause of MOA and in the AOA to increase the authorised share capital of the company.

Replies (1)

Jatin Bajaj

2942 Points Joined April 2016

For increasing the authorized share capital of the Company, Capital clause of Memorandum needs to be changed and for such alteration Ordinary resolution is passed.

Need to File Form SH 7 for increase in capital along with payment of stamp duty

Attachment:

certified copy of ordinary resolution

Altered MOA showing alteration in capital clause of MOA duly signed and stamped by the Director

certified copy of explanatory statement of Notice of EGM