Increase of authorised capital

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Shwetank (Querist)
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07 February 2012 A Private Limited company is having an authorised capital of 5cr now it wants to increase to 10cr
please suggest the procedure & related compliance to be followed.
wat compliance to be followed for authorised capital of 10cr.

Guest

Guest (Expert)

07 February 2012 1. HOLD BOARD MEETING AND ISSUE NOTICE FOR CALLING GENERAL MEETING FOR PASSING ORDINARY RESOLUTION.

2. CALL EXTRA ORDINARY GENERAL MEETING AND PASS NECESSARY ORDINARY RESOLUTION FOR INCREASE IN AUTHO CAPITAL.

CHECK PROVISION OF AOA. IF AOA REQUIRES PASSING OF SPECIAL RESOLUTION THEN PASS SR OTHERWISE PASS OR.

3. IN CASE OR IS PASSED, FILE FORM 5 FOR INCREASE IN AUTHO CAPITAL.

4. IN CASE SR IS PASSED FILE FORM 5 AND FORM 23 ALSO.

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Guest

Guest (Expert)

07 February 2012 NOTICE IS HEREBY GIVEN THAT EXTRA ORDINARY GENERAL MEETING OF THE MEMBERS OF PRIVATE LIMITED WILL BE HELD ON MONDAY, 18th OCTOBER, 2010 AT ITS REGISTERED OFFICE AT 11.00 A.M. TO TRANSACT THE FOLLOWING BUSINESS:

SPECIAL BUSINESS

1. To consider and if though fit, to pass with or without modification the following resolution as an ordinary resolution:

“RESOLVED THAT pursuant to the provisions of Section 16, 94, all other applicable provisions, if any, of the Companies Act, 1956 and Articles of Association of the company, the authorised share capital of the company be and is hereby increased from Rs. 8,00,00,000/-(Rupees Eight Crores only) divided into 80,00,000(Eighty lacs) Equity Shares of Rs. 10/- each to Rs. 21,00,00,000/-(Rupees Twenty One Crore only) divided into 2,10,00,000(Two crores Ten lacs) Equity shares of Rs.10/-(Rupees Ten only) each.”

“RESOLVED FURTHER THAT the company’s memorandum of association be and is hereby altered as follows:

In clause V of the memorandum of association of the company the words and figures:

“The Authorised Share Capital of the company is Rs. 8,00,00,000/-(Rupees Eight Crores only) divided into 80,00,000(Eighty lacs) Equity Shares of Rs. 10/- each”

be substituted by the following words and figures:

The Authorised Share Capital of the company is Rs. 21,00,00,000/-(Rupees Twenty One Crores) divided into 2,10,00,000 (Two Crores Ten lacs) Equity Shares of Rs. 10/-(Rupees Ten) each.

For ___________________ PRIVATE LIMITED

Director

Notes:

1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF HIMSELF AND THE PROXY NEED NOT BE A MEMBER.

2. THE PROXIES, IN ORDER TO BE VALID, MUST BE DEPOSITED AT THE REGISTERED OFFICE OF THE COMPANY NOT LESS THAN 48 HOURS BEFORE THE COMMENCEMENT OF THE MEETING.

3. THE EXPLANATORY STATEMENT PURSUANT TO SECTION 173(2) OF THE COMPANIES ACT, 1956 IN RESPECT OF ITEM NO. 1 ABOVE ENCLOSED.

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Guest

Guest (Expert)

07 February 2012 EXPLANATORY STATEMENT PURSUANT TO SECTION 173(2) OF THE COMPANIES ACTS, 1956

ITEM NO. 1

The authorised capital of the company is presently Rs. 8,00,00,000/- (Rupees Eight Crores Only) divided into 80,00,000 Equity Shares of Rs. 10/- each. It has become mentable to increase the authorised capital of the company to enable to raise paid up capital further to diversify and expand activities of Company. The resolution is therefore to increase the authorised capital of the company from Rs. 8,00,00,000 (Rupees Eight Crores Only) divided into 80,00,000(Eighty Lacs) Equity Shares of Rs. 10/- each to Rs. 21,00,00,000 (Rupees Twenty One Crore) divided into 2,10,00,000 (Two Crore Ten Lacs) Equity shares of Rs. 10/- each.

In view of the fact that the Authorised Capital of the company is being increased the existing clause V of the Memorandum of Association of the company needs to be amended.

The members are requested to pass necessary resolution set out in the notice as ordinary resolution to carry out the necessary amendments in the memorandum

By Order of the Board
For PRIVATE LIMITED

Director

Place: Jaipur

Guest

Guest (Expert)

07 February 2012 CERTIFIED TRUE COPY OF ORDINARY RESOLUTION PASSED IN EXTRA ORDINARY GENERAL MEETING HELD ON MONDAY, 18th DAY OF OCTOBER, 2010 AT JAIPUR AT 11.00 A.M. TO TRANSACT THE FOLLOWING BUSINESS:

“RESOLVED THAT pursuant to the provisions of Section 16, 94, all other applicable provisions, if any, of the Companies Act, 1956 and Articles of Association of the company, the authorised share capital of the company be and is hereby increased from Rs. 8,00,00,000/-(Rupees Eight Crores only) divided into 80,00,000(Eighty lacs) Equity Shares of Rs. 10/- each to Rs. 21,00,00,000/-(Rupees Twenty One Crore only) divided into 2,10,00,000(Two crores Ten lacs) Equity shares of Rs.10/-(Rupees Ten only) each.”

“RESOLVED FURTHER THAT the company’s memorandum of association be and is hereby altered as follows:

In clause V of the memorandum of association of the company the words and figures:

“The Authorised Share Capital of the company is Rs. 8,00,00,000/-(Rupees Eight Crores only) divided into 80,00,000(Eighty lacs) Equity Shares of Rs. 10/- each”

be substituted by the following words and figures:

The Authorised Share Capital of the company is Rs. 21,00,00,000/-(Rupees Twenty One Crores) divided into 2,10,00,000 (Two Crores Ten lacs) Equity Shares of Rs. 10/-(Rupees Ten) each.

Certified True Copy,
For PRIVATE LIMITED

Director

Place: Jaipur
Date: 18.10.2010

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Shwetank

Shwetank (Querist)
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08 February 2012 THANKS NEHA....