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Increase in Capital|Legal Suvidha

INCREASE IN AUTHORISED CAPITAL


Legal Suvidha Providers will help you in increase the Authorised Capital of your business.

Starting at : ₹4999 (all inclusive)

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INCREASE IN AUTHORISED CAPITAL

Increase in Authorised Capital

The authorized capital is the maximum amount of capital which can be raised by a Company through the issue of shares to its shareholders. An increase in authorized capital might be required for issuing new shares and/or inducting more capital into the Company. Our professional can help you with respect to the filing and issuing of share with respect to the increase in authorized share capital of the Company.

Authorised Capital is mentioned in the capital clause of the Memorandum of Association of the company. And if the company wants more capital then, the capital clause has to be amended by the members by passing special or ordinary resolution (as there is no specification about nature of resolution under S. 61) as per S. 61 of the companies Act, 2013 at a meeting. Following are the pre-requisite before filing application to MCA for increase in authorised capital:

• Check/verify whether AoA provides for increase in authorised capital. If it does not provide then the same must be amended to the effect under section 14 of the companies Act, 2013 by passing a special resolution.
• A board meeting for notifying the call for Extraordinary meeting (EGM) must be held.
• An ordinary or special resolution (preferably Special resolution) for increase in authorised capital i.e. for alterations in MoA & AoA must be passed in such EGM.

After fulfilling the above pre-requisite, file the prescribed form i.e. e-Form SH-7 with registrar within 30 days of passing of ordinary resolution. Following documents must be attached:

• Board Resolution for increase in authorised share capital.
• Board resolution for modification in the capital clause of MoA.
• Shareholder’s resolution passed in EGM.
• Altered copy of MoA & AoA.



           
         


Process of Increase in Authorised Capital




1
Documentation
2
Increased Authorised Capital












Once you have gone through the stage of passing requisite resolutions in Board meeting & EGM and, provided the required Information and Documents for further processing, we will prepare the requisite documentation.

           
         


Documents Required for Increase in Authorised Capital



1. Board resolution for notice of EGM of the Company.

2. Notice of Extraordinary General Meeting

3. Ordinary Resolution.

4. Altered Memorandum and Articles of the Company.

           
         

Frequently Asked Questions





What is minimum Share Capital Requirement?
The Authorized Share Capital has to be minimum Rs. 1 Lac and there is no minimum limit for Paid Up Share Capital.

What is the difference between Authorized Capital & Paid up capital?
The Authorized Capital of the Company is the maximum limit upto which a Company can issue shares and Paid Up Capital is that part of the Authorized Capital for which Shareholders have made the investment into the Company.

What documents are required for increasing the capital?
MOA, AOA, documents for Board Meeting of the Company and documents for Extra Ordinary General Meeting (EGM) of the Company.

What is time limit to file change of capital documents with ROC?
The time limit is 30 days from passing of the Board Resolution for Increasing of Authorized Share Capital.

How to change the Authorised Share Capital of the Company as per Companies Act 2013?
A company can increase its authorized capital by filing Form SH-7 within 30 days from the date of passing the resolution i.e. from the date of alteration.

Whether General Meetiong is mandatory to hold for change in Authorised Share Capital of the company?
Yes, Holding of AGM is mandatory to increase authorised share capital.



           


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Free Legal Advice

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Transparent Pricing

100% Client Satisfaction