Resolution required to be passed

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Manager - Finance & Accounts
2178 Points Posted on 26 March 2019

Hello,

Can anyone please help in resolution that required to be passed for increase in authorized share capital of private limited company.

 

Thanks In Advance.

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On 26 March 2019 at 15:02 Report
Replies (4)
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Service
62 Points Posted on 26 March 2019
Check in google..you will ample formats there
1 Reply
On 26 March 2019 at 16:02
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Student
1628 Points Posted on 26 March 2019
Board Resolution Format for Increase in Authorised Share Capital


RESOLVED that pursuant to the provisions of section 61(1)(a) of the Companies Act, 2013, and other applicable provisions, if any, the authorised share capital of the company be and is hereby increased from Rs. divided into of Rs. each to Rs. divided into of Rs. each.

RESOLVED FURTHER that the existing Clause V of the Memorandum of Association of the Company as to share capital be and is hereby deleted and in its place the following Clause V be substituted:

The authorised share capital of the company is Rs. divided into of Rs. each.

RESOLVED that pursuant to the provisions of section 14 of the Companies Act, 2013, the existing Article
of the Artiles of Association of the Company be and is hereby deleted and in its place the following Article
be substituted therefor:

The authorised share capital of the company is Rs. divided into of Rs. each.

Note: Before increasing the authorised capital, ensure that the Articles of Association of the Company permits an increase in the share capital of the company. If there is no provision, first alter the Articles of Association of the company by passing a Special Resolution.

To increase authorised share capital, e-Form No. MGT-14 along with Explanatory Statement must be filed with ROC along with Government fee for the authorised capital increase.
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On 26 March 2019 at 17:05
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Manager - Finance & Accounts
2178 Points Posted on 26 March 2019

Thank you Radhey Shyam Jha for format of Resolution.

Could you please clarify below

1. Our AOA Allows to Increase the share the capital, Hence, no need to alter AOA through SR?

2. Is Ordinary Resolution is sufficient for Increase of Authorized Capital (As AOA Allows it)

3. Does MOA also needs to be altered through SR (Special Resolution)

 

 

 

 

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On 26 March 2019 at 17:47
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Student
1628 Points Posted on 26 March 2019
Dear Mr. Ajay
1. if AOA allows then no need to alter AOA through SR.
2. SR required for Increase of Authorized Share Capital.
3. Yes
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On 26 March 2019 at 18:23


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