Intellectual Property Rights: Practice and Drafting by Adv Gautam Matani. Register Now!
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Increase in share capital

(Querist) 03 October 2009 This query is : Resolved 
Dear Sir,

Whether share capital of a private limited company be increased, when a notice for conducting of an EGM issued by one of the shareholders for removal of few directors, is pending?

Your reply would be highly solicited.

Raj Kumar Makkad (Expert) 03 October 2009
Mere notice doen't bar working of the company. Unless director/directors are not removed, the y are legally empowered to continue as such and do as per rules.

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