Alteration in article of associations

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mohit (Querist)
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13 February 2015 1. If Company wants to increase its Authorised Share Capital then

Is it Manadatory for company to alter its AOA as per provision of Company Act 2013?

2. In case of private limited company limited by shares

Is it required to insert the rules of table F in their AOA as per company act 2013?

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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13 February 2015 1. First check whether there is enabling provision in the Articles of Association regarding increase in authorised share capital. If there is no such provision then the company has to take steps for alteration of its Articles of Association in accordance with the provision of Section 14 of the Companies Act, 2013, so as to insert the clause enabling increase in the Authorised share capital of the Company.

2.It is not necessary but suggested that whenever a company amends its articles, it should ensure that subsequent to the amendment, the AOA is as per the format specified under the Companies Act, 2013.