Regarding for share capital

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 March 2012 Dear Expert

pls tell me what is procedure for increase share capital in pvt ltd?

and purpose for that?

Thanks

Jiten Gupta

Jiten Gupta (Expert)
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03 March 2012 Whenever company wants to allot shares beyond Authorised Share Capital mentioned n clause V of MOA, It will have to first Increase Authorised Share Capital by altering Clause V of MOA U/S 94 read with Section 97 of Indian Companies Act 1956.

Procedure for the same would be as follows:

1. Conduct a Board Meeting!

2. Decide upon Matter of Authorised Share Capital as to how Much of Equity/ prefence being increased!

3. Approve Notice of General Meeting with explanatory statement! read with

4. Authorise some Director/Secretary to issue notice of General meeting!

5. Authorise Some Director/Secretary/Manager to issue form 5!

Conduct General Meeting

Pass Ordinary Resolution U/S 94 read with 97 in General Meeting!

File E-Form 5 with altered MOA.