Re-classification of authorised capital
This query is : Resolved
24 September 2012
I want to know the procedure of re-classification of Authorized capital ie,
Equity + Pref = Equity only
Please suggest
Equity + Pref = Equity only
Please suggest
24 September 2012
same as increasing.....
board meeting
then general meeting
Form 23 and 5 ......
board meeting
then general meeting
Form 23 and 5 ......
24 September 2012
Hi
Procedure for Change 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 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 changing 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.
Hi
Procedure for Change 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 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 changing 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.
24 September 2012
Hi
Your MOA capital Clause V will be as follow:
" The Authorised Share Capital of the Company is Rs. 30,00,000 divided into 200000 equity shares of Rs. 10 each and 10000 11% Preference Shares of Rs. 100 each."
Your MOA capital Clause V will be as follow:
" The Authorised Share Capital of the Company is Rs. 30,00,000 divided into 200000 equity shares of Rs. 10 each and 10000 11% Preference Shares of Rs. 100 each."
25 September 2012
Sir,
Is it complusory to pass special resolution.
Is it complusory to pass special resolution.
25 September 2012
Hi
If your share capital clause of article of association is not altered then no need to pass special resolution.
If your share capital clause of article of association is not altered then no need to pass special resolution.
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