board resolution for increase in authorised share capital

NOTE: The resolution sample(s) here is only for reference, to help you with drafting. All rights reserved. Procedure to increase Authorised Share Capital Companies Act, 2013 pursuant to Section 61 (read with section 13 and 14) allows for increase authorised share capital of the company. 10 each ranking pari passu in all respects with the existing equity shares of the company. Most companies in India are incorporated with an authorised share capital of Rs.1 lakh or Rs.10 lakh. —– to … procedure for increase in authorised share capital. Do refer to the relevant provisions of the Companies Act, 2013. Notice of EGM Explanatory Statement; Resolution passed in the Extra Ordinary General Meeting, Altered Copy of MOA. certified true copy of the resolution passed by the board of directors of ——————private limited held on ————- at the registered office of the company at ——– a. m. /p.m “RESOLVED THAT subject to the approval of shareholders in a General Meeting, the authorized share capital of the company be increased form Rs. As per Section 101 of the Act provide at least 21 days notice along with explanatory statement for holding the EGM. In accordance with section 61(1)(a) of the Companies Act, 2013, a limited company having a share capital may, if so authorised by its articles, alter its memorandum in its general meeting to increase its authorised share capital by such amount as it thinks expedient. ♦ Convene Board Meeting for approval of the Directors for increase in authorized share capital, alteration of memorandum of association, to fix the date of EOGM for increase in authorized share capital and approve notice of EGM along with Agenda and Explanatory Statement to be annexed to the notice of General Meeting as per section 102(1) of the Companies Act, 2013. The company is in the process of raising funds to support its new projects in hand. “RESOLVED THAT pursuant to the provisions of Sections 13, 61, 64 and all other applicable provisions, if any, of the Companies Act, 2013, including any amendment thereto, subject to the approval of the members, the Authorised Share Capital of the company of Rs. required to the proposed increase in the authorised share capital. None of directors, key managerial personnel of the company and their respective relatives are, in any way, concerned or interested in the resolution as set out in Item No. A copy of the resolution - and notice of the increase on Form 123 - must reach Companies House within 15 days of being passed. ... to be passed by the members of the company as an ordinary resolution. 10 each to Rs. 70,00,000 (Rupees Seventy Lakhs Only) divided into 7,00,000 (Seven Lakhs) equity shares of face value of Rs. Ordinary Resolution For Increase In Authorised Share Capital, under section 61 of Companies Act 2013, ordinary resolution, increase, authorised share capital, share capital, board resolution, special resolution, draft, format, specimen, companies act 2013 After it was duly moved, seconded, and discussed, the following resolution was adopted by a … There is no longer a statutory process to increase the authorised share capital limit. III. Board meeting held as under Section 173 of the Act for passing the resolution for alteration of the AoA and MoA along with increase in authorised share capital. 2. 10 (Rupees Ten only) each. 50,00,000 (Rupees Fifty Lakhs Only) divided into 5,00,000 (Five Lakhs) equity shares of face value of Rs. The Board commends the resolution as set out in Item No. (Address of the Company). 10 each by creating additional 30,00,000 (Thirty Lakh) equity shares of Rs. Meaning of Authorized Capital & Nominal Capital. Board Resolution for Calling EGM Special Resolution-- to be passed at the EGM "Resolved that pursuant to sections 16, 31 and 94 and other applicable provisions, if any, of the Companies Act, 1956, the Authorised Capital of the Company be and is hereby increased from Rs. 10 each ranking pari passu in all respects with the existing equity shares of the company. In the case of a new company under the new act, the authorised share capital of a company can be increased by way of special resolutions as it is a change to the memorandum of incorporation (MOI).It should be noted that if there is a change to the MOI, … Attachments of Form SH-7: Board Resolution passed by the Company. As per the provisions of Section 61 (1) (a) of the Companies Act, 2013 a limited company having a share capital may, if so authorised by its articles, alter its memorandum in its general meeting to increase its authorised share capital by such amount as it thinks expedient. 19,00,00,000 (Rupees Nineteen Crores only) divided into 1,90,00,000 (One Crores Ninety Lakhs) Equity Shares of Rs. These are the two important approvals that are required in this regard. Increase in Authorized Share Capital by Passing of Resolution through Circulation The Chairman of the Board or in his absence, the Managing Director or in their absence, any Director other than an Interested Director shall decide that whether the approval of … “RESOLVED THAT pursuant to sections 13, 61, 64 and other applicable provisions of the Companies Act, 2013, the consent of the members of the company be and is hereby accorded for substituting the existing Clause V of the Memorandum of Association of the company relating to Authorised Share Capital with the following new clause in its place: ‘V. A resolution should be passed in the general meeting. Shareholders' Resolution Approving an Increase in Share Capital _____ FZ-LLC (the "Company ") The Shareholder(s) of the Company in compliance with Article 35 of the Article of Association of the Company have agreed and resolved the following with effect from ___ _____ 20__: II. 10 each to Rs. Minutes of a Meeting to Increase the Amount of Authorised Share Capital The following is an example of minutes which might be used to increase the authorised share capital of a company: Forming a Company Limited Minutes of a Meeting of the Board of Directors held at Registration House, Company Formation Lane, Incorporation Town. Filing of Form: Form SH-7 is required to be filed for Increase in Authorised Share Capital. FURTHER RESOLVED THAT pursuant to the provisions of Sections 13, 61 and 64 of the Companies Act, 2013, rules made thereunder and any other applicable provisions, including any statutory amendments or re-enactment thereof for the time being in force, the consent of the members of the company be and is hereby accorded for substituting Clause V of the Memorandum of Association of the company with the following clause: "V. The authorised share capital of the company is Rs.

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