Dear All,
We are a listed company and want to increase the authorised share capital by altering MOA & AOA. Can we do the same only by the postal ballot rules or can do in AGM/EGM.
thanks,
CS Ranjit Kumar Singh
Ranjit Singh (Company Secretary) (92 Points)
14 April 2012Dear All,
We are a listed company and want to increase the authorised share capital by altering MOA & AOA. Can we do the same only by the postal ballot rules or can do in AGM/EGM.
thanks,
CS Ranjit Kumar Singh
MudraMantri
(Wantapreneur)
(491 Points)
Replied 15 April 2012
The resolution for alteration of Authorized Capital can be done by passing a resolution through postal ballot. However, provisions of section 192 A of companies act read with companies (Passing of Resolution by Postal Ballot) Rules, 2001 is to be followed.
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