Resolutions Increase In Authorised Share Capital

INCREASE IN AUTHORISED SHARE CAPITAL 





"RESOLVED THAT subject to the approval of shareholders in a General Meeting, the authorized share capital of the company be increased form Rs. ___________/- (Rupees ____________________________________________) divided into _____________ equity shares of Rs________/- (Rupees _______________________________) each to Rs. _________ (Rupees _______________________________________________) divided into ________________ equity shares of Rs.__________/- (Rupees ______________________________________________) each ranking paripassu with the existing equity shares in the Company and that in clause _________ of the Memorandum of Association of the Company for the words and figures 

"The Authorized Share Capital of the Company is Rs. __________/- (Rupees ______________________________) divided into _________ Equity shares of Rs. __________/- (Rupees ___________________________________________________________________________-___) each." 

The following shall be substituted: 
"The Authorized Share Capital of the Company is Rs. ____________/- (Rupees _______) divided into ____________________ Equity shares of Rs. ___/- (Rupees _________) each." 

RESOLVED FURTHER THAT an Extraordinary General Meeting of the shareholders be convened at the registered office of the Company on __________ the _______ day of ___________, 19___ at ________ A.M./P.M. to consider the proposed increase in the authorized share capital of the Company and Mr. _______________________________, Director/Secretary of the Company be and is hereby authorized to take further necessary action in this regard."