Lex comply

    Clarification on Resolution for Increase in Authorised Share Capital

    Posted By : SHALU / Published on : 17-Jul-2021 01:33 PM / View : 167 / Comment : 0
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    Dear Members

    Increase in Authorised Share capital requires alteration in Capital Clause of Memorandum of Association and as per Section 13(6), alteration of provisions of Memorandum requires Special Resolution to be passed, but many companies have been passing Ordinary Resolution for increase in Authorised Share Capital.

    So, can any one clarify as to whether we have to pass Special or Ordinary resolution for increase in Authorised Share Capital?
    Read more on : share capital authorised increase resolution clarification



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