Though Current Mode Logic has excellent features like higher switching speed and reduced crosstalk due to small output swing, there exists numerous flaws such as static power dissipation, non-suitable for power-down modes and comparably higher design complexity of load resistors. To address the aforementioned worries, this article incorporates a dynamic current mode design approach having active load and controlled current source to configure an improved (2/3) dual modulus prescaler. Simulation results of the proposed circuit using Cadence Virtuoso platform for 90 nm CMOS at 1.2 V supply depict a power consumption of 2.517 mW when driven by a high frequency of 2 GHz. The phase noise and output noise are found to be -147.001 dBc/Hz and -181.7 dB at 1 MHz offset while it reads a self-oscillation frequency of 5 GHz. The variation tolerance of the design is proved via 5% skew-based simulation at all corners; whereas the correct functionality at 28 nm UMC justifies its scalability.