Allotment of shares and increase in authorized capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 July 2015
Sir,
The authorized capital of a company is Rs.500,000/- and its paid up capital is Rs.100,000/- Now it proposes to allot balance shares to its directors through preferential allotment. It also need to increase its capital to Rs.10 lacs. My query is that 1. is it possible to pass resolutions for the allotment and increase in authorized capital in a single EGM. 2. What are the ROC forms for preferential allotment. 3. In SH 7 what should be the paid up capital to be disclosed ie capital before or after fresh allotment
The authorized capital of a company is Rs.500,000/- and its paid up capital is Rs.100,000/- Now it proposes to allot balance shares to its directors through preferential allotment. It also need to increase its capital to Rs.10 lacs. My query is that 1. is it possible to pass resolutions for the allotment and increase in authorized capital in a single EGM. 2. What are the ROC forms for preferential allotment. 3. In SH 7 what should be the paid up capital to be disclosed ie capital before or after fresh allotment
23 July 2015
1. it is possible to pass both resolutions in single egm.
2.for preferential allotment FORM GNL 1, MGT 14 & PAS 3 in attachment additinal PAS 5
3.IN SH 7 PAID UP CAPITAL 1,00,000 IS TO BE MENTIONED
2.for preferential allotment FORM GNL 1, MGT 14 & PAS 3 in attachment additinal PAS 5
3.IN SH 7 PAID UP CAPITAL 1,00,000 IS TO BE MENTIONED
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