Ordinary Resolution For Increasing The Authorised Share Capital Of The Company
“RESOLVED THAT pursuant to Section 61(1)(a) and other applicable provisions, if any, of the Companies Act, 2013 and Article ... of the Articles of Association of the company, the Authorised Share capital of the company be and is hereby increased from ` ________ (Rupees _______) divided into ________ (_______) equity shares of ` __ each to ` _________/- (Rupees ________) divided into _________ (_________) equity shares of ` __ (Rupees ___) each by creation of __________ equity shares of ` __ each ranking pari passu in all respect with the existing equity shares.”
(Note: If the Articles of Association prescribe that a special resolution is required for increase of authorized share capital, pass the resolution as a special resolution.)
Explanatory Statement
The directors of the company have felt that for profitable working of the company, the company needs more funds in the form of equity share capital. The present authorised share capital of the company is only `________ (Rupees _________) divided into ________ (______) equity shares of `__/- (Rupees ____) each and the entire authorised share capital has been issued, subscribed and paid up. The Board, therefore, decided that the authorised share capital of the company be increased to `__________ (Rupees _________) divided into _________ (_______) equity shares of ` __/- (Rupees ____) each.
Hence the proposed resolution is recommended for consideration of and approval by the shareholders of the company.
None of the directors is concerned or interested in the proposed resolution.
0 Comments