Restriction on Increase in Authorize Share Capital

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 December 2010 Respected Experts,

Please guide me on restriction for Increase in Authorize Share Capital. Specially when earlier share capital is Partially called up.

Regards

Aditya Maheshwari

Aditya Maheshwari (Expert)
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11 December 2010 No such restriction is there.

Querist : Anonymous

Querist : Anonymous (Querist)

13 December 2010 Thanks Aditya sir but what will the situation if
a)If FDI is holding 51% shareholding
b) Uncalled capital is from local promotors?

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Querist : Anonymous

Querist : Anonymous (Querist)

14 December 2010 Can any one pls answer?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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14 December 2010 If you mean it is partially paid up then call the entire capital. There also there is no restriction to raise the authorised capital.

Querist : Anonymous

Querist : Anonymous (Querist)

15 December 2010 Aditya Sir is it possible to increase the Authorize share capital and issue new partially paid up shares to promotors/employees without calling previous uncalled capital?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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15 December 2010 yes