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Querist : Anonymous

Querist : Anonymous (Querist)

11 January 2012 please provide me the draft special resolution for making alteration in MOA

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11 January 2012
SPECIAL BUSINESS

1. To consider and if though fit, to pass with or without modification the following resolution as Special 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. 50,00,000/-(Rupees Fifty Lacs only) divided into 5,00,000 (Five Lacs) Equity Shares of Rs. 10/- each to Rs. 2,00,00,000/-(Rupees Two Crore only) divided into 20,00,000 (Twenty 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. 50,00,000/-(Rupees Fifty Lacs only) divided into 5,00,000 (Five Lacs) Equity Shares of Rs. 10/- each.

be substituted by the following words and figures:
The Authorised Share Capital of the company is Rs. 2,00,00,000/-(Rupees Two Crore only) divided into 20,00,000 (Twenty Lacs) Equity shares of Rs.10/-(Rupees Ten only) each.

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11 January 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. 50,00,000/-(Rupees Fifty Lacs only) divided into 5,00,000 (Five Lacs) 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. 50,00,000/-(Rupees Fifty Lacs only) divided into 5,00,000 (Five Lacs) Equity Shares of Rs. 10/- each to Rs. 2,00,00,000/-(Rupees Two Crore only) divided into 20,00,000 (Twenty Lacs) Equity shares of Rs.10/-(Rupees Ten only) 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 special resolution to carry out the necessary amendments in the memorandum