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Share Capital - Alteration of ‑ Creation of shares concurrently with cancellation of certain unissued share capital ‑ Whether amounts to increase in authorised capital and whether Form Nos. 5 and 6 are required to be filed
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Authorised capital increase not triggered by reclassification of unissued shares; no additional registration fees but Forms 5 and 6 required. Where cancellation of a class of unissued shares and simultaneous creation of unclassified shares of the same denomination does not raise the company's total authorised capital beyond the original authorised amount on which fees were paid, no further registration fees are payable; the company must still file Form Nos. 5 and 6 to complete the Registrar's records.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Authorised capital increase not triggered by reclassification of unissued shares; no additional registration fees but Forms 5 and 6 required.
Where cancellation of a class of unissued shares and simultaneous creation of unclassified shares of the same denomination does not raise the company's total authorised capital beyond the original authorised amount on which fees were paid, no further registration fees are payable; the company must still file Form Nos. 5 and 6 to complete the Registrar's records.
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