Login

Home Sections→ 64 Notice to be given to Registrar for alteration of share capital.

64 Notice to be given to Registrar for alteration of share capital.

V Related Categories
CHAPTER IV

Section 64 of Companies Act 2013

1.     Where—

a.     a company alters its share capital in any manner specified in sub-section (1) of section 61;

b.    an order made by the Government under sub-section (4) read with sub-section (6) of section 62 has the effect of increasing authorised capital of a company; or

c.     a company redeems any redeemable preference shares, the company shall file a notice in the prescribed form (tutorial of form SH-7) with the Registrar within a period of thirty days of such alteration or increase or redemption, as the case may be, along with an altered memorandum.

2.     If a company and any officer of the company who is in default contravenes the provisions of sub-section (1), it or he shall be punishable with fine which may extend to one thousand rupees for each day during which such default continues, or five lakh rupees, whichever is less.

Click here to See Relevant Rule

Short Notes:

·        This section came into force from April, 1, 2014.

·        It seeks to provide that the companies shall give notice of alteration or increase of share capital to the Registrar of Companies along with an altered memorandum.

 

Related Categories:

Related Discussions.

No discussions found.

Start a new Discussion



ENTER TITLE *  
DESCRIPTION *