boar meeting of filing of form 5

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Querist : Anonymous

Querist : Anonymous (Querist)

18 November 2010 for increse in authorized capital general meeting should be done. whether board meeting should also to done. If board meeting should have to done then whether before notice or whether after notice or both.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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18 November 2010 For calling an EOGM borad meenting should be called and resolution for calling for EOGM should be done.

udit sharma

udit sharma (Expert)
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18 November 2010 Hi....

It is necessary to convene a Board Meeting after issuing notices to the Directors of the Company in accordance with the provisions of section 286 of the Companies Act, 1956.

At the Board Meeting consider the proposal to increase the Authorised Capital of the Company, fix the day, date, time and venue for convening the GM of the Company, approve the draft notice convening the GM and authorise any Director/Company Secretary to arrange to circulate the GM Notice together with the explanatory statement to be annexed to the GM Notice!

Hope this solves your query:-)

Best Regards

Udit Sharma

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Ankur Garg

Ankur Garg (Expert)
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18 November 2010 Agree with learned members...

Board meeting is the first step for any corporate decision be it..increase in AC, preferential allotment, name change of a company, taking of loan, change in status like conversion from pvt. to public and many others...

Regards

Ajay Mishra

Ajay Mishra (Expert)
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19 November 2010 Hi

Procedure for increase in authorised capital of the company

1. Convene a Board Meeting after issuing notices to the directors of the company to decide about the increase and to fix the date, time, place and agenda for convening a General Meeting.
2. To pass an Ordinary Resolution (Special Resolution if so required by articles) for the same.
3. Download Form -5 from www.mca.gov.in
4. Fill the details required such form except signature of the concerned person.
5. Opt the option to pay stamp duty electronically along with ROC fee on Form-5 with concerned ROC.
6. Please attached altered MOA and AOA with the Form-5 filed with concerned ROC .
7. File physically MOA along with stamped form-5 with concerned ROC (if required).
8. After approval of Form-5 from ROC make necessary changes in MOA and AOA and in all other papers and documents.

If you are increasing Authorised Capital by Special Resolution or also change in Article of Association it is required to file Form 23 with concerned ROC within 30 days from the date of passing such resolution.