While Increase in Share Cap of a company, which Resolution is required to be passed with Form 5? Ordinary or Special?
6 Replies
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 22 December 2009
Hi,
For increase in AC you have to pass an ordinary resolution of shareholders under section 94 in General Meeting.
Regards
RISHI
(cs)
(227 Points)
Replied 22 December 2009
Dear there r two types of situations here:-
1.First see whether AOA contains amount of auth. capital, if yes, then pass a special resolution as AOA are also being altered alongwith MOA;
2.If AOA are not going to be altered, even then u should see heading of 'Alteration of Capital 'in AOA', it tell us whether the resolution will be ordinary/special for alteration of capital.
Sagar
(Student)
(142 Points)
Replied 23 December 2009
Ordinary Resolution should be passed...................?
CA PRAVEEN KESHAV
(CHARTERED ACCOUNTANT)
(331 Points)
Replied 23 December 2009
ordinary resolution,,,,,,,,,,,,
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