No. of members in a company

[Santhosh Kumar]

Dear Friends,

A company has not amended the AOA as per the companies Act.1956, whereas the maximum number of members is fixed at 50..  Now the company wants to issue shares to about 90 persons.  Whether any amendment of AOA is required for making the issue.  Or whether te company can go for issue without the amendment stating that the Companies Act, 2013 is applicable.

Also please let me know whether there is any restriction on number of allottees, if shares are issued to 90 persons at a time on 31.03.2014.

Please clarify.

With regards

Santhosh PP

[Deepak Sadhu]

Amendment of the AOA is required as per 2013

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Regards

CS Deepak Sadhu

DEEPAK SADHU & Co,

Company Secretaries

Bangalore

W: www.deepaksadhu.com

M: 98860 - 96664 / 88843 - 11947

E: dee...@deepaksadhu.com

    csdeepa...@gmail.com