Resolution by Shareholders Increasing Capital Stock is a resolution adopted by the shareholders of a company that authorizes the increase of the company’s issued and outstanding shares of common or preferred stock. This resolution is typically used to increase the equity capital of the company, and it can be done by either issuing newly authorized shares or by reissuing previously issued, but unis sued shares. There are two types of Resolution by Shareholders Increasing Capital Stock: Non-Participating Preferred Stock and Participating Preferred Stock. Non-Participating Preferred Stock is a resolution authorizing the issuance of preferred stock that does not provide the shareholders with any additional rights or privileges, other than those specified in the resolution. Participating Preferred Stock is a resolution authorizing the issuance of preferred stock that provides the shareholders with additional rights or privileges, such as the right to participate in the company’s profits or the right to vote on certain matters.
Resolution by Shareholders Increasing Capital Stock
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FAQ
Capital Stock refers to the ownership of a company. It is also another term for corporate share ownership of a company. The definition of Capital Stock is the amount of equity and preference shares a company is authorized to issue ing to the articles of association.
A company can increase share capital by issuing (i.e. allotting) new shares to existing or new shareholders. The company's constitution would typically provide that the Board of Directors (the ?Board?) has the authority to issue shares in the company.
Any shareholder has the right to propose a valid resolution for voting on at a meeting of shareholders, called a general meeting. If a valid resolution were passed by the requisite majority, the resolution would bind the company, the directors, the company secretary and all shareholders.
An increase in the authorised share capital of a company necessarily requires an amendment to the share capital clause of the Memorandum.
Three forms of resolutions are available: ordinary resolution, special resolution and unanimous resolution. There is no concept of special resolution in board meetings and very few unanimous resolutions are also required. However, all three are covered in the case of general meetings.
