The Central Government has almost exhausted its contribution of authorized share capital
Farr continued, "To complete this funding required an increase in our authorized share capital
which we have accomplished through the issuance of a "Super Voting Preferred" that provides an indemnification for the guarantors of the funding and assures that the covenants of the debentures will be met.
KARACHI, 09 April ,2009 (Balochistan Times) --Singer Pakistan Ltd has convened its annual general meeting on April 30, 2009 to consider and approve enhancing of authorized share capital
of the company to Rs 400 million by issuing ordinary shares.
The extraordinary general shareholders' meeting also held today approved the renewal of the validity of the Company's authorized share capital
for a further five years and the authorization to the Company's board of directors to issue shares within that limit on the same terms and conditions as previously.
IIFCL, a wholly owned Government of India company, was, incorporated on January 5, 2006 under the Companies Act, 1956 with an authorized share capital
The Company's shareholders approved an amendment to the Company's Certificate of Incorporation increasing the authorized share capital
of the Company from 60,000,000 to 100,000,000 shares of Class A Stock, par value $1.
Hence it is essential that the Authorized Share Capital
of the Corporation is enhanced so that the earmarked Central contribution could be released to NMDFC for implementing its schemes for the development of minorities at the lowest rungs of poverty pyramid.
OTCBB:TERX) announces plans to reduce its outstanding and authorized share capital
on a 20 to 1 ratio.
CIFCL will also boost its authorized share capital
base to INR 7.
The Company has also recently filed a preliminary information statement with the SEC for a name change to IT Group Holdings Inc, to better reflect the telecommunications nature of the business and for a reduction in its authorized share capital
from 10,000,000,000 to 1,000,000,000 common shares without impacting on its issued share capital.
The bank has authorized share capital
and paid-up capital of $2 billion and $1 billion respectively.
Pandey, "The resolution increasing the company's authorized share capital
was never a reflection of any present intention by the Company to issue shares in the amount of the proposed increase, but rather was designed to give the company maximum flexibility to respond to ever-changing events and opportunities, and to provide a hedge against unforeseen and unanticipated circumstances.