Increase in paid up capital

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CA Abhi Pandey (Querist)
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12 December 2011 What are the statutory compliance required to be fulfilled, if a public ltd. co. increases its paid up share capital to Rs. 5.5 Crores?
other than recruiting a whole time C.S, Audit Committee and Remuneration committee

Thanks & Regards.

RG - A Helping Hand

RG - A Helping Hand (Expert)
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13 December 2011 You have to appoint a Managerial personnel u/s 269. So appoint MD or WTD or Manager after increase in paid up capital.

Further constitution of remuneration committee is not must in unlisted public company. However if you are planning to pay remuneration as per schedule XIII then appoint remu committee.

Thanks & Regards

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CA Abhi Pandey

CA Abhi Pandey (Querist)
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13 December 2011 @richank: thanx......

Any other compliance required to be fulfilled?

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