Increase in share capital
(Querist) 03 October 2009
This query is : Resolved
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.