Offer for each kind of securities shall not be made to more than 200 persons in a financial year. mso-default-props:yes; A company could, however, receive authorization to sell more shares. Procedure for Increase in Paid-up Capital and Authorised Share text-decoration:underline; (22 Points) Special Resolution mso-style-priority:99; Carbon Tax in Singapore: What is the Rate and Who Must Pay? The GCI-VI increased the authorised capital of the Bank from 2,394,746 shares to 6,768,746 shares with a par value of UA 10,000 per share. A full stock issue can be either a preferred share or common share. resolution for increase in paid up capital - Corporate Law In case of private company if u want to make an allotment then u only need to file Form 2. no need to file form 23. panose-1:2 4 5 3 5 4 6 3 2 4; /articles/ca-articleship-some-useful-corporate-board-resolutions-ii-5874.asp, 3. click here to refresh. Pass Special resolution for conversion of such loan/ Debenture into Equity share capital of Company in Future. Sending Email Newsletters That Comply With Singapore Law, A legal guide to drafting a social media policy for your company, Your Guide to a Media Release Form in Singapore, Your Guide to an Influencer Marketing Agreement in Singapore, Outdoor Advertising: How to Legally Display Public Ads in Singapore, A Guide to Digital Bank Regulation in Singapore, Applying for a Major Payment Institution Licence in Singapore, Applying to the MAS FinTech Regulatory Sandbox, Payment Services Act Licensing Guide for Fintech Businesses, How to Get a Payment Service Provider Licence in Singapore, Financial Adviser's Licence Guide for Singapore Businesses, Capital Markets (CMS) Licence Requirements in Singapore, How to Offer E-Wallet Services in Singapore: Licensing Guide, Digital Payment Token Services Licence Guide in Singapore, How to Legally Offer Crypto Services in Singapore, Starting a Franchise in Singapore: What Franchisors Should Look Out For, Running a Franchise in Singapore: What To Look Out for as a Franchisee, What is Judicial Management and How It Works in Singapore, Schemes of Arrangement: How They Work and How to Apply, Informal Debt Restructuring and Workout in Singapore, How to Restore a Struck-Off Company in Singapore, Claw-Back of Assets From Unfair Preference and Undervalued Transactions. mso-font-pitch:variable; Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests.