Company law | CA Samrat Shukla https://samratshukla.com Practicing CA, Professor, Author, Blogger Mon, 12 Oct 2020 17:26:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Whether Resolutions of companies to be printed on letter head? https://samratshukla.com/whether-resolutions-of-companies-to-be-printed-on-letter-head/ https://samratshukla.com/whether-resolutions-of-companies-to-be-printed-on-letter-head/#respond Wed, 12 Aug 2020 17:03:56 +0000 https://samratshukla.com/?p=1017 Notices of Meetings are also to be printed on letter head. However minutes of Board meeting are to be printed on Minutes paper, which are later attached to minutes book. You can ask at good stationery shop for minutes book. Also it looks good to keep minutes in minutes book. But Certified true copy of […]

The post Whether Resolutions of companies to be printed on letter head? first appeared on CA Samrat Shukla.]]> Notices of Meetings are also to be printed on letter head.
However minutes of Board meeting are to be printed on Minutes paper, which are later attached to minutes book. You can ask at good stationery shop for minutes book. Also it looks good to keep minutes in minutes book.

But Certified true copy of Board Resolutions are to be printed on letter head. Certified true of of resolution which are already passed and recorded in minutes are used for annual return filing at ROC website and for various other business.

The post Whether Resolutions of companies to be printed on letter head? first appeared on CA Samrat Shukla.]]> https://samratshukla.com/whether-resolutions-of-companies-to-be-printed-on-letter-head/feed/ 0 Increase Authorised share capital https://samratshukla.com/increase-authorised-share-capital/ https://samratshukla.com/increase-authorised-share-capital/#respond Sat, 01 Aug 2020 10:17:00 +0000 https://samratshukla.com/?p=1003 How to increase authorised capital in unlisted company? Case I – Articles of Association does not authorize for increase in Share Capital In this case we need to first alter AOA. It can be done by passing a special resolution in an Extra – Ordinary General Meeting. Form MGT-14 is required to be filed. Case […]

The post Increase Authorised share capital first appeared on CA Samrat Shukla.]]> How to increase authorised capital in unlisted company?
Case I – Articles of Association does not authorize for increase in Share Capital
In this case we need to first alter AOA. It can be done by passing a special resolution in an Extra – Ordinary General Meeting. Form MGT-14 is required to be filed.

Case II – Articles of Association authorize for increase in Share Capital
In this case their is no need to alter AOA. Hence Ordinary resolution will be enough for increasing authorised capital. In this case MGT-14 is also not required to be filed

Procedure:
-Issue Notice at least seven days before for calling Board Meeting.
-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.

Issue notice in writing at least 21 days before the fixed date of EOGM along with explanatory statement for Holding EOGM and increasing share capital.
-File Form SH-7 (along with Notice of EOGM, Ordinary Resolution passed in EOGM and Altered MOA) with the Registrar within a period of thirty days of such alteration.

###Download formats###

Notice-of-board-meeting

BOARD-RESOLUTION

NOTICE-OF-CALLING-EOGM

EOGM-RESOLUTION-FOR-INCREASE-IN-SHARE-CAPITAL

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