HELLO FRIENDS I NEED SUGGESTION REGARDING THE PROCEDURES TO BE FOLLOWED TO INCREASE THE AUTHORISED CAPITAL..
WHICH SECTION OF THE COMPANIES ACT RULE THIS MATTER.?
WHAT ARE THE BUSINESS TO BE TRANSACTED AT EGM?
WHAT ARE THE BUSINESS TO BE TRANSACTED AT EGM?
Resolution for Increase in Authorised Share Capital:
ORDINARY RESOLUTION\
INCREAE IN AUTHORISED CAPITAL OF THE COMPANY
“RESOLVED THAT subject to the Article of Association and pursuant to Sec. 94 and other applicable provisions if any of the Companies Act, 1956 Capital Clause of Memorandum of Association be Substituted as :
The Authorised Share Capital of the Company is Rs. 50,00,000/- [Rupees Fifty Lac only] divided into 5,00,000 [Five Lacs] Equity Shares of Rs.10/- [Rupees Ten only] each.
Following Sections are applicable: 95, 97 or 94A(2) or 81(4) of the Companies Act.
Ankur Shah (Practicing Company Secretary)
“Guru Gautam” Bungalow, Inside Parshwa Tower,
Nr. Shyamal Cross Road, 132ft. Ring Road,
Satellite, Ahmedabad – 15
Contact: + 91-9427633901
E-mail: ankurjewel @ gmail.com
Blog: csankur.blogspot.com
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 22 September 2009
Agree with Mr. Shah
You have to pass ordinary resolution under section-94 for alteration of share capital and section-16 for alteration of MOA.
AGENDA
1. INCREASE IN AUTHORISED SHARE CAPITAL OF THE COMPANY
2. ALTERATION OF MOA
3. CALLING OF AN EXTRA ORDINARY GENERAL MEETING
Regards
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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