ANKUR GUPTA (CA FINAL) (89 Points)
02 July 2014Pls tell me the Procedure to Increase the Authorised Share Capital of the Pvt. Ltd. Company as per Comapny Act 2013.
Also Whether the Alteration of Capital Clause in Memorandum requires to pass Ordinary Resolution (u/s 61)/ Special Resolution (U/s 13) - Pls Confirm the Same because there is a Confusion.
Pls Provide me the format of Notice, Resolution, etc. as per the Company Act 2013. Pls mail on my email ankur_aca @ yahoo.com, I will be very grateful as I need it on urgent basis.
Regards
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 03 July 2014
VANDANA GUPTA
(COMPANY SECRETARY)
(28 Points)
Replied 03 July 2014
the increase can be by way of Ordinary Resolution or Special resolution.
for special resolution file MGT-14.
Format of resolutions:
Enhancement of Authorised Share Capital: To consider and,
if thought fit to pass with or without modification the following
resolution as a Special Resolution:
RESOLVED THAT pursuant to the provisions of Section 61 and
64 and other applicable provisions, if any, of the Companies Act,
2013 (including any amendment thereto or re-enactment thereof)
and the rules framed there under, the Authorized Share Capital of
the Company be and is hereby authorized to be increased from
Rs. 60,00,00,000 (Rupees Sixty crores) divided into 30,00,00,000
(Thirty Crores) Equity Shares of Rs. 2/- each to Rs. 150,00,00,000
(Rupees One Hundred and Fifty Crores) divided into 75,00,00,000
(Seventy Five Crores) Equity Shares of Rs. 2/- each by creation of
additional 45,00,00,000 (Forty Five Crores) Equity Shares of Rs. 2/-
each ranking pari passu in all respect with the existing Equity Shares
Alteration of Capital Clause contained in the Memorandum
of Association: To consider and, if thought fit, to pass with
or without modification the following resolution as a Special
Resolution
RESOLVED THAT pursuant to the provisions of Section 13 and
61 and other applicable provisions of the Companies Act, 2013
(including any amendment thereto or re-enactment thereof) and
the rules framed thereunder the consent of the Members be and is
hereby accorded for substituting Clause V a) of the Memorandum of
Association of the Company with the following clause.
V a) “The Authorised Share Capital of the Company is Rs.
150,00,00,000/- (Rupees One Hundred Fifty crores only) divided
into 75,00,00,000 (Seventy Five crores) Equity Shares of face
value of Rs. 2/- (Rupees Two) each.”
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