Shareholder's role

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 January 2014 I am working for a private limited company and the directors want to increase the authorized share capital and make some change in the main object clause. There are two director in the company holding 92 % shares and and 4 shareholders with 8 % shares. A shareholder with 2 % shares is against these changes. Is it necessary to send the notice for passing resolutions and whether his presence is necessary for voting rights while holding general meeting. Plzz help

Rohit Agarwal

Rohit Agarwal (Expert)
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27 January 2014 Dear Querist,

The notice convening general meeting has to be send to all the shareholders.

For increase in capital ordinary resolution is required.

75% of the shareholders present and voting is required.