Reclassification of shares

Hi Friends

I want to reclassify equity shares to Prefernec shares. I know MOA will be amended by Passing OR. but I want to know whether AOA will also be amended or not. My capital clause in AOA is as below:

"The Authorised Share Capital of the Company as mentioned in Clause V of the Memorandum of Association of the Company with power of the Board of Directors to sub-divide, consolidate and increase and with power from time to time, issue any shares of the original capital with and subject to any preferential, qualified or special rights, privileges or conditions as may be, thought fit, and upon the sub-division of shares apportion the right to participate in profits in any manner as between the shares resulting from sub-division."

This is the general clause which most of the Co. adopt, but It doesnot specifically give authorisation to re-classify. Do I need to amend this clause and incorporate word Re-Classify????

Replies (2)

Subdivision clause of existing articles or Sec 68.,buy back of securities can be resorted to.,

Any other reclassification possible mentioned under the act., do let me know.,

No buyback shall not be resorted as its not any Buyback neither its an sub-Division because Sub division is say like dividing shares of FV Rs. 10 to Rs. 5 hence creating 2 shares.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 July 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
31 July 2026
Senior Accountant - Bunia, Democratic Republic of Congo

AD GLOBAL LTD

Mumbai

B.Com

View Details
Company
23 July 2026
Semi qualified CA

Garg Bros & Associate CA

New Delhi

CA Inter

View Details
Company
28 July 2026
Senior accountant

RJ Public School

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 28 July 2026
Article/Intern/Semi-Qualified/Fresher B.Com

VNSS & Co

Mumbai

Others

View Details
Follow