(adsbygoogle = window.adsbygoogle || []).push({}); According to clause (e) of Sub-section (1) of Section 61 of the Companies Act, 2013, a limited company having a share capital may, if so authorised by its articles, cancel its shares which, at the date of the passing of the resolution in that behalf, have not been taken or … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Regulation 28 of Table – F of Schedule – I provides that if a member fails to pay any call, or instalment of a call, on the day appointed for payment thereof, the Board of directors of the company may, at any time thereafter during such time as any part … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Section 61(1)(c) of the Companies Act 2013 provides that a limited company having a share capital, if authorized by its articles may convert any of its fully paid shares into stock, and reconvert stock into fully paid up shares of any denomination. Only fully paid shares can be converted into … Read more

Procedure For Sub Division of Share Capital For sub-dividing the share capital of a company, the following procedural steps are required to be taken by the Board of directors. (adsbygoogle = window.adsbygoogle || []).push({});     1.  It must ensure that its articles of association contain a provision authorising it to sub-divide its shares. If … Read more