Increse of authorised capital

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Manoj Prasad (Querist)
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30 April 2012 for a Private Limited Co.

A board resolution has been passed on 31.03.2012 at 4.00 pm to increase Auth.Capital from Rs.25 lakh to 30 lakh

but Now Directors need to raise upto 40 lakh
on 31.03.2012

1 - can another board resolution be passed on the same date... if not then what should i do? if yes then in what condition

I want to raise the auth capital on the same date.(31.03.20120

please advice

Ksreddy

Ksreddy (Expert)
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30 April 2012 Ya you can pass the resolution again for 5 lakhs and increase it.