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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.
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.
Draft Board
Resolution for Increase of authorized share capital
“RESOLVED THAT pursuant to the provisions of Section 13, 61 and other
applicable provisions, if any, of the Companies Act 2013 and rules made
thereunder (including any statutory modification or re-enactment thereof for
the time being in force), Articles of Association and subject to the
shareholder’s approval in the General Meeting by means of a Special Resolution,
the consent of the Board be and is hereby accorded to increase the authorized
share capital of the Company from Rs. ___________divided into
____________equity share of Rs.______ each to Rs._________ divided into
__________equity shares of Rs . _______ each, ranking pari passu with the
existing shares in the Company and consequently clause no. V of the Memorandum
of Association of the Company stands substituted by the following
“The authorized share capital of the company is Rs. _______divided into
________equity shares of Rs. ______each.”
applicable provisions, if any, of the Companies Act 2013 and rules made
thereunder (including any statutory modification or re-enactment thereof for
the time being in force), Articles of Association and subject to the
shareholder’s approval in the General Meeting by means of a Special Resolution,
the consent of the Board be and is hereby accorded to increase the authorized
share capital of the Company from Rs. ___________divided into
____________equity share of Rs.______ each to Rs._________ divided into
__________equity shares of Rs . _______ each, ranking pari passu with the
existing shares in the Company and consequently clause no. V of the Memorandum
of Association of the Company stands substituted by the following
“The authorized share capital of the company is Rs. _______divided into
________equity shares of Rs. ______each.”
RESOLVED FURTHER THAT in pursuant to the provisions of section 117of the Act
read with Rule no. 17 of Companies (Management and administration) Rules, 2014,
Mr. / Ms. ______ (Name of the person) be and is hereby authorized to file MGT
14 along with the copy of altered memorandum within the prescribed time to
Registrar with the fee as provided in the Companies (Registration of offices
and fees) Rules, 2014 and to do all acts and take all such steps as may be
necessary, proper or expedient to give effect to the aforesaid resolution.”
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read with Rule no. 17 of Companies (Management and administration) Rules, 2014,
Mr. / Ms. ______ (Name of the person) be and is hereby authorized to file MGT
14 along with the copy of altered memorandum within the prescribed time to
Registrar with the fee as provided in the Companies (Registration of offices
and fees) Rules, 2014 and to do all acts and take all such steps as may be
necessary, proper or expedient to give effect to the aforesaid resolution.”
YOU MAY ASLO LIKE TO VISIT