Further issue of shares

C.S. Rajesh Pillai (Company Secretary and Compliance Officer)   (181 Points)

19 December 2009  

Dear sirs / Madam,

One of our pvt. ltd. cos. is in the process of issuing further capital.

Since the Sec. 81 (1A) of the Cos. Act, 1956 is not applicable for a Pvt. Ltd. Co., special resolution in members meeting is not required.

In such a situation, only Board resolution will suffice?

Or whether we have to take unanmous approval of the Board and file it with the RoC in Form No. 23?

kindly advice

best regards,

Rajesh Pillai