For a listed company shareholders approved increase in Authorised Preference Share Capital in Annual General meeting and now the Company does n’t want to increase and withdraw resolution by not filling FORM SH 7 (notice to registrar of any alteration of share capital) with ROC . In this context, we request you to clarify the following:
1). Whether the said Resolution passed at the General Meeting can be withdrawn by the company in the next Annual general meeting as the proposed increase is not required and same is discussed and approved in the subsequent Board Meeting.
2). Whether the said resolution is required to implement by paying the requisite fee when company wants to withdraw resolution.
thanks in advance
joseph david
CAclubindia
