{"id":3057,"date":"2012-04-10T16:26:52","date_gmt":"2012-04-10T08:26:52","guid":{"rendered":"http:\/\/www.nbc.com.my\/blog\/?p=3057"},"modified":"2024-11-01T11:26:02","modified_gmt":"2024-11-01T03:26:02","slug":"why-increase-of-paid-up-capital-need-bank-in-slip-procedures-for-allotment-of-new-shares","status":"publish","type":"post","link":"https:\/\/www.nbc.com.my\/blog\/why-increase-of-paid-up-capital-need-bank-in-slip-procedures-for-allotment-of-new-shares\/","title":{"rendered":"Why increase of paid-up capital need bank-in slip (Procedures for allotment of new shares)"},"content":{"rendered":"<p><a href=\"https:\/\/www.nbc.com.my\/blog\/why-increase-of-paid-up-capital-need-bank-in-slip-procedures-for-allotment-of-new-shares\/\" rel=\"attachment wp-att-3530\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-3530\" title=\"887375_money_2\" src=\"https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/04\/887375_money_2.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/04\/887375_money_2.jpg 300w, https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/04\/887375_money_2-105x70.jpg 105w, https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/04\/887375_money_2-150x100.jpg 150w, https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/04\/887375_money_2-24x16.jpg 24w, https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/04\/887375_money_2-36x24.jpg 36w, https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2012\/04\/887375_money_2-48x32.jpg 48w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a>We, as a company secretary, will normally request &#8220;bank-in slip&#8221; or \u201cDeposit slip\u201d from directors before proceed to prepare any relevant documents to\u00a0increase\u00a0the\u00a0paid-up\u00a0capital\u00a0of the company.<\/p>\n<p>We are unable to \u201cHELP\u201d the company to increase the paid-up capital without the produce of \u201cbank in slip\u201d from the directors.\u00a0<!--more--><\/p>\n<p>&nbsp;<\/p>\n<p><strong>The following are the procedures for increase of paid-up capital \/ allotment of new ordinary shares:\u00a0<\/strong><\/p>\n<p>1.\u00a0\u00a0\u00a0 Bank-in slips from director (for amount of\u00a0capital\u00a0to\u00a0increase)<br \/>\n2.\u00a0\u00a0\u00a0 Preparation of board resolution and EGM by company secretary for\u00a0increase\u00a0of\u00a0capital<br \/>\n3.\u00a0\u00a0\u00a0 Execution (signed) by directors<br \/>\n4.\u00a0\u00a0\u00a0 Lodgement to SSM<\/p>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"text-decoration: underline;\">Why\u00a0increase\u00a0of\u00a0capital\u00a0need bank-in slip from you, as directors of the Company?<\/span><\/strong><\/p>\n<p>No allotment shall be made of any shares of a company unless the sum payable on application for the shares has been received by the Company. If a cheque for the sum has been received by the company, the sum shall be deemed not to have been received by the company until the cheque is\u00a0paid\u00a0by the bank.<\/p>\n<p>Every director of a company who knowingly contravenes or permits or authorises the contravention of this section, on conviction, be liable to imprisonment for a term not exceeding five years or to a fine not exceeding RM1,000,000 or to both.<\/p>\n<p>For more details of the Act, please click here:<br \/>\n<span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2019\/05\/NBC-The-Companies-Act-2016-Section-186-A.jpeg\" target=\"_blank\" rel=\"noopener\">The Malaysia Companies Act 2016 &#8211; Section 186 (Prohibition of allotment unless minimum subscription received)<\/a><\/strong><\/span><\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We, as a company secretary, will normally request &#8220;bank-in slip&#8221; or \u201cDeposit slip\u201d from directors before proceed to prepare any relevant documents to\u00a0increase\u00a0the\u00a0paid-up\u00a0capital\u00a0of the company. We are unable to \u201cHELP\u201d the company to increase the paid-up capital without the produce of \u201cbank in slip\u201d from the directors.\u00a0<\/p>\n","protected":false},"author":8,"featured_media":3530,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[6,165],"class_list":["post-3057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ssm-company-registration","tag-company-secretary","tag-nbc-highlight"],"_links":{"self":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts\/3057"}],"collection":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/comments?post=3057"}],"version-history":[{"count":1,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts\/3057\/revisions"}],"predecessor-version":[{"id":6657,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts\/3057\/revisions\/6657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/media\/3530"}],"wp:attachment":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/media?parent=3057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/categories?post=3057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/tags?post=3057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}