Sub-division, Consolidation, Conversion into Stock and Cancellation of Unissued Capital
Four housekeeping alterations of the capital clause that a client asks for casually, “split the shares into Rs 1 each before the investor comes in”, and that go wrong because nobody read the articles or checked what the split does to the voting arithmetic.
- 10 pages
- 86
- Word and PDF
- 12 September 2026
The 5 formats inside
- 1Board resolution, sub-division of equity shares and convening of the general meetings.61(1)(d)On its own₹149
- 2Ordinary resolution, sub-division of equity sharess.61(1)(d)On its own₹149
- 3Ordinary resolution, consolidation and division of share capitals.61(1)(b)On its own₹149
- 4Ordinary resolution, cancellation of unissued share capitals.61(1)(e) and s.61(2)On its own₹149
- 5Letter to Members, calling in the old share certificates for exchangeRule 6, Companies (Share Capital and Debentures) Rules 2014On its own₹149
Read the opening
The first part of “Board resolution, sub-division of equity shares and convening of the general meeting”, as it downloads. Blanks are highlighted.
Certified true copy of the resolutions passed at the meeting of the Board of Directors of [ABC Private Limited] held on [Date of the board meeting] at [Board meeting time] at [registered office address]
SUB-DIVISION OF THE EQUITY SHARES OF THE COMPANY AND ALTERATION OF THE CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION
The Chairman informed the Board that the authorised share capital of the Company is Rs [Authorised share capital (Rs)] divided into [Number of authorised equity shares before sub-division] equity shares of Rs [Face value per equity share before sub-division (Rs)] each, of which [Number of issued equity shares before sub-division] equity shares of Rs [Face value per equity share before sub-division (Rs)] each have been issued, subscribed and paid up, and that it is proposed to sub-divide each equity share of the face value of Rs [Face value per equity share before sub-division (Rs)] into [New shares for each old share] equity shares of the face value of Re [1] each, so as to [improve the divisibility of the holdings / facilitate the proposed investment / permit the allotment of shares in smaller lots].