As per section 61 of companies act 2013
|
Limited companies altered MOA when authorized in AOA
|
When AOA not contain any provision related to increased in
Authorized capital
(alteration in AOA section 14)
|
Then alteration in AOA by passing “Special Resolution” in EGM…
Before holding EGM, Board Meeting is held and passed important Resolution
|
After alteration in AOA
|
Call Board meeting & passed following Resolution
Approval of auditor for increased in authorized share capital
Date fix for AGM
Approve agenda of EGM & explanatory statement
Authorized Director for doing various activity
|
Hold EGM
|
Passed Ordinary Resolution for increased in authorized share capital
as per section 61 of companies act 2013
|
Alteration in MOA
(share capital clause)
|
Alteration in MOA
(share capital clause)
|
E-form SH-7 is filled with ROC within 30 days of passing of Ordinary
Resolution
|
Attachment of form SH-7
Notice of EGM
Copy of Ordinary Resolution
Altered MOA
NOTE- Section 13 of
Companies Act 2013 described to pass Special Resolution for alteration of MOA
but it’s only for Name Change & register office change- in case of increase
in Share Capital no provision is prescribed in Companies act 2013 so Ordinary
Resolution is sufficient for increase in authorized Share Capital…
|
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Thursday, September 11, 2014
INCREASED IN AUTHORIZED CAPITAL AS PER COMPANIES ACT 2013
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