Hello,
I am director of a private limited company. The company has paid up capital of 100000 (10000 shares) Out of which I hold 2000 Shares. Now I am in London and the other promoters of the company who collectively hold 80% shares has passed an extraordinary resolution at my back and have increased the authorized share capital to 300000. They don't know I have an account with MCA and I can check all the filed documents. Is it allowed without my authorization or signature? if Yes, What is the percentage of votes or shares that is required to pass such a resolution successfully.
Legal issues around increase of share capital
Tanuj Mittal (MBA) (28 Points)
16 December 2013