Authorised share capital

361 views 2 replies

my doubt is...

for increase in authorised capital

whether an ordinary resolution is enough

or 

a special resolution is required....

 

Replies (2)

Ordinary resolution is enough for alteration of capital clause of Memorandum for increase in authorised share capital [Ref.Sec.61 of CA 2013].  However, if amendment of Articles is also involved, special resolution will be required u/s 14.

 

 

Agree with Agrawal Sir


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