Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Statutory Provisions

Home Acts & Rules Bill Bills COMPANIES BILL, 2011 Chapters List Chapter IV SHARE CAPITAL AND DEBENTURES This

Clause 65 - Unlimited company to provide for reserve share capital on conversion into limited company. - COMPANIES BILL, 2011

COMPANIES BILL, 2011
Chapter IV
SHARE CAPITAL AND DEBENTURES
  • Contents

Unlimited company to provide for reserve share capital on conversion into limited company.

065. An unlimited company having a share capital may, by a resolution for registration as a limited company under this Act, do either or both of the following things, namely—

     (a) increase the nominal amount of its share capital by increasing the nominal amount of each of its shares, subject to the condition that no part of the increased capital shall be capable of being called up except in the event and for the purposes of the company being wound up;

     (b) provide that a specified portion of its uncalled share capital shall not be capable of being called up except in the event and for the purposes of the company being wound up.

 
 
 
 

Quick Updates:Latest Updates