Increase in Capital

A. Issue of Share-General Provision:

• Special Resolution is to passed
• Duration for acceptance of share is 15-30 days
• Share can be issued against non-ash consideration
• Earmark percentage of further issue for employees
B. Issue of Share at Discount
• Special Resolution is to required and share issuing at discount is increased from 1yr to 3yr
• Listed company issue the share (mkt price<par value)
• Sanctioned by commission (discount percentage≤10)
C. Allotment of share
• Filling of return of allotment is increased from 30-45 days (Company Auditor report)
Share of Certificate and Transfer
A. Share Certificate
I. Share in Electron Form:
All companies have share in book-entry form or change into it
II. Issuance of Share Certificate
Reduced from 90 days to 30 days and delivered at registered address of shareholder
III. Duplicate Share
Required to issued within 30 days of receipt of an application

B. Share Transfer
I. Transfer of share in Private company
Provision of right of first refusal to the existing members in proportion to their shareholding
II. Timeline for Transfer
Within 15 days of lodgment and notify refusal of transfer is also same
III. Shares of a deceased member
Nominee of deceased member as trustee for transfer
Incorporation of Companies and Matters Incidental
A. Name of Company
I. Restriction on Company Names
60 days- No improper words or deceptive
II. Change of Company Name
Registrar has the power to direct a company to change its name
III. Publication of Name
Display Certified copy of certificate of incorporation

B. Correspondence Address
For registration of Memorandum and Article of Association- 30 days remain effective
C. Initial Subscription
Share subscription money shall be payable to company within 30 days and reported to
registrar in 45 days
Continued

D. Nominee of Single Member

Nominate a person responsible for share transfer and company affair
E. Principal Line of Business
Operate in Lawful manner
Inserted in Memorandum of Association- Substantial revenue is earned
Name of the company