INCREASE IN AUTHORISED SHARE CAPITAL OF EFL Sample Clauses

INCREASE IN AUTHORISED SHARE CAPITAL OF EFL. 11.1. Upon Scheme becoming effective, current authorized share capital of ATPL which is INR 7,50,00,000/‐ (Rupees Seven Crores Fifty Lakhs Only) comprising of 75,00,000 Equity Shares of INR 10/‐ each and current authorized share capital of EFFSL which is INR 5,00,000/‐ (Rupees Five Lakhs Only) comprising of 50,000 Equity Shares of INR 10/‐ each shall be consolidated with the authorized share capital of EFL, which is INR 20,50,00,000/‐ (Rupees Twenty Crores Fifty Lakhs Only) comprising of 2,05,00,000 Equity Shares of INR 10/‐ each and the same shall automatically stand increased, without any further act, instrument or deed on the part of EFL including payment of stamp duty and fees payable to Registrar of Companies, without any compliances in respect of the notices, meetings, etc but only by filing requisite statutory forms and/or any other documents as required with the Registrar of Companies. The filing fee and stamp duty already paid by ATPL and EFFSL respectively on its authorized share capital shall be deemed to have been so paid by EFL on the combined authorized share capital and accordingly, EFL shall not be required to pay any fee/stamp duty on the authorized share capital so increased.
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