{"id":322,"date":"2018-06-02T10:01:53","date_gmt":"2018-06-02T10:01:53","guid":{"rendered":"http:\/\/www.companyregistrationinbangalore.in\/blog\/?p=322"},"modified":"2018-06-02T10:49:27","modified_gmt":"2018-06-02T10:49:27","slug":"share-capital-debentures","status":"publish","type":"post","link":"https:\/\/www.companyregistrationinbangalore.in\/blog\/share-capital-debentures\/","title":{"rendered":"Share capital and debentures"},"content":{"rendered":"

However anything included in this act, where the government has by an order made under sub-section (4) of section 81, managed that any loan or debenture or any part thereof shall be changed into shares in a company. The provisions included in the memorandum of such company shall improving the official share capital of the company.<\/p>\n

Where in performance of a choice assigned to debentures loans or issued obtained by the company, any public financial institution suggests to convert such loans or debentures into shares in the company.<\/p>\n

Where the memorandum of a company becomes changes, whether by reason of an order made by the government.<\/p>\n

\"Share<\/p>\n

Special resolution for reduction of share capital <\/strong><\/h2>\n

Subject to verification by the board, a company limited by shares or a company limited by guarantee and containing a share capital, may, if so approved by its articles, by special declaration.<\/p>\n

Reduce the liability or extinguish on any of its shares in favour of share capital not paid up.<\/p>\n

Either with or without reducing liability or extinguishing on any of its shares or is unrepresented by available assets.<\/p>\n

If any creditor is allowed in favour of any debt or claim to object to the allowance of share capital is by reason of his innocence of the following for reduction or of their nature and effect with regard to his claim or debt, not entered on the list of creditors.<\/p>\n

All company members at the date of company registration<\/a> of the order for minute and reduction, shall be responsible to subscribe. If the company has started to wound up on the day instantly before the said date.<\/p>\n

If the company is harm, the board on the application of proof of his inexperience and such creditor as same.<\/p>\n

Registration of order and minute of reduction <\/strong><\/h3>\n
    \n
  1. On making to him of an order of the board validating the concession of the company share capital.<\/li>\n
  2. On the registration of the minute and order and the declaration for reducing share capital as verified by the order.<\/li>\n
  3. The registration and the notice shall be issued in such process as the board may direct.<\/li>\n
  4. The registrar will issue the company registration of the minute and order and his certificate shall be final evidence of all the needs of this act.<\/li>\n<\/ol>\n

    Penalty for concealing Name of Creditor, Etc <\/strong><\/p>\n

    If any company officer:<\/p>\n