Draft Board Resolution for Increase of authorized share capital


As per the provisions of Section 61(1)(a) of the Companies Act, 2013 a limited company having a share capital may, if so authorised by its articles, alter its memorandum in its general meeting to increase its authorised share capital by such amount as it thinks expedient.

Draft Board Resolution for Increase of authorized share capital 

RESOLVED THAT pursuant to the provisions of Section 13, 61 and other applicable provisions, if any, of the Companies Act 2013 and rules made thereunder (including any statutory modification or re-enactment thereof for the time being in force), Articles of Association and subject to the shareholder’s approval in the General Meeting by means of a Special Resolution, the consent of the Board be and is hereby accorded to increase the authorized share capital of the Company from Rs. ___________divided into ____________equity share of Rs.______ each to Rs._________ divided into __________equity shares of Rs . _______ each, ranking pari passu with the existing shares in the Company and consequently clause no. V of the Memorandum of Association of the Company stands substituted by the following 
"The authorized share capital of the company is Rs. _______divided into ________equity shares of Rs. ______each."

RESOLVED FURTHER THAT in pursuant to the provisions of section 117of the Act read with Rule no. 17 of Companies (Management and administration) Rules, 2014, Mr. / Ms. ______ (Name of the person) be and is hereby authorized to file MGT 14 along with the copy of altered memorandum within the prescribed time to Registrar with the fee as provided in the Companies (Registration of offices and fees) Rules, 2014 and to do all acts and take all such steps as may be necessary, proper or expedient to give effect to the aforesaid resolution.”


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