XYZ Ltd. is planning to increase its authorized share capital. According to Chapter IV of the Companies Act, 2013, what steps must the company take to comply with the statutory requirements?
1
Obtain Board approval, file a resolution with the Registrar of Companies, and amend the Memorandum of Association (MoA).
2
Obtain shareholder approval via a special resolution, file the resolution with the Registrar of Companies, and amend the Articles of Association (AoA).
3
Obtain shareholder approval via a special resolution, file the resolution with the Registrar of Companies, and amend the Memorandum of Association (MoA).
4
Obtain Board approval, file a resolution with the Registrar of Companies, and amend the Articles of Association (AoA).
5
Obtain approval from the Registrar of Companies, amend the MoA, and file a resolution with the Ministry of Corporate Affairs.