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Increase in Authorized Capital

The authorised capital of a Company determines the number of shares a Company can issue to its shareholders. An increase in authorized capital might be required for issuing new shares and/or inducting more capital into the Company.

The initial Authorised Capital of the company is mentioned in the memorandum of association of the company and is usually Rs. 1 lakh. The authorised capital can be increased by the company at anytime with shareholders approval and by paying additional fee to the Registrar of Companies.

To begin the process for increasing authorized capital a resolution must be passed by the Board of Directors. In the Board Resolution, authorisation must be provided for increasing the authorised capital of the company and making the necessary changes to the MOA and AOA of the company. IndiaFilings can help you easily increase the authorised capital of your company.

Steps to form a Authorized Registration

Drafting of
Documents
Signing
of Documents
Form
Filing
Payment of
Stamp Duty & Fees

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Procedure

Increase in Authorized Capital

Verifying Article of Association to ensure there is an enabling provision to increase in Authorized capital

Convey of board meeting:

To increase the authorised share capital, first, convene a Board Meeting by providing notice to the Director. At the Board Meeting, obtain approval from the Board of Directors for increasing authorised share capital.
Then fix a date, time and place for conducting an Extra-Ordinary General meeting to obtain approval of shareholders for the increase of authorised share capital and making changes to the MOA of the company.

Issue Notice and Holding of General Meeting

Old the Extra-ordinary General meeting (EGM) on due date and pass the necessary Ordinary Resolution under section 61(1)(a) of the Companies Act, 2013, for increase in authorize share capital of the Company.

ROC Form Filling

File form SH-7 within 30 days of passing of Ordinary Resolution with the concerned Registrar of Companies, with prescribed fees and along with following attachments as desired by section 64:

Documents

  • Memorandum of association of the company
  • DSC of any one director
  • List of Shareholder
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