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Increase in authorised share capital
Corporate & Other Laws
Sir, which resolution should a private limited company pass in its EGM for increase in authorised share capital - ordinary or special resolution?? Also, is MGT 14 required to be filed for the same??
Answers (6)
Sahibdeep Singh
Correct. SH-7 is required to be filed
Oh okay sir.. but why is MGT 14 not required??
Thread Starter
Darshini PandiarajanOh okay sir.. but why is MGT 14 not required??
Every form has a purpose. SH-7 is specifically for S.64 along with which company will have to fill copy of resolution, amended MOA etc. However, if company articles mention special resolution be passed for alteration of capital, then in addition to SH-7, MGT-14 will also be filed. Section relevant for MGT-14 is S.117 which doesn't mention about filing it in case of ordinary resolution of alteration of share capital.
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