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Section 65 of the Companies Act 2013: Unlimited Company to Provide for Reserve Share Capital on Conversion into Limited Company

SECTION-65 (Unlimited company to provide for reserve share capital on conversion into limited company) under CHAPTER-IV (Share Capital and Debentures) of the Companies Act, 2013

An unlimited company having a share capital may, by a resolution for registration as a limited company under this Act, do either or both of the following things, namely—

(a) increase the nominal amount of its share capital by increasing the nominal amount of each of its shares, subject to the condition that no part of the increased capital shall be capable of being called up except in the event and for the purposes of the company being wound up;


(b) provide that a specified portion of its uncalled share capital shall not be capable of being called up except in the event and for the purposes of the company being wound up.


Extra Notes for Readers

(1) The Companies Act, 2013 received the assent of the President on the 29th August, 2013 (Published in the Gazette of India, Extraordinary, Part II - Section 1 by Ministry of Law and Justice, Legislative Department on 30th August, 2013) - link

(2) Section 65 of the Companies Act 2013 was notified by MCA Notification S.O. 2754(E) dated 12th September 2013 (w.e.f. 12th September 2013) - link

(3) Further, refer the Companies (Share Capital and Debentures) Rules, 2014 - link





This page was last updated on 9th February, 2017.

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