Increase authorize capital

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 December 2012 PLEASE TELL ME FEES STRUCTURE OF INCREASE CAPITAL

PVT LTD COMPANY IN GUJARAT
CURRENT AUT. CAPITAL 50,00,000
INCREASE 50,00,000,

SO PLEASE TELL ME FORM WISE FEES STRUCTURE..

THANKS

shivaji prasad bhimavarapu

shivaji prasad bhimavarapu (Expert)
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20 December 2012 You will have to File Form No.5 with Registrar of companies.You can check the fee at MCA21 site on the internet.

Ajay Mishra

Ajay Mishra (Expert)
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20 December 2012 Hi

Procedure for increase in authorised capital of the company

1. Convene a Board Meeting after issuing notices to the directors of the company to decide about the increase and to fix the date, time, place and agenda for convening a General Meeting.
2. To pass an Ordinary Resolution (Special Resolution if so required by articles) for the same.
3. Download Form -5 from www.mca.gov.in
4. Fill the details required such form except signature of the concerned person.
5. Opt the option to pay stamp duty electronically along with ROC fee on Form-5 with concerned ROC.
6. Please attached altered MOA and AOA with the Form-5 filed with concerned ROC .
7. File MOA along with stamped form-5 with concerned ROC (if required).
8. After approval of Form-5 from ROC make necessary changes in MOA and AOA and in all other papers and documents.

If you are increasing Authorised Capital by Special Resolution or also change in Article of Association it is required to file Form 23 with concerned ROC within 30 days from the date of passing such resolution.

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Ajay Mishra

Ajay Mishra (Expert)
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20 December 2012 Hi

You will pay Rs. 50000 for MOA(on increased capital of Rs. 5000000) to ROC as increase capital fee.

Stamp duty shall be:
0.15% of amount of increased authorised
capital subject to maximum of Rs. 25 lakhs
of stamp duty
Less 0.15% of amount of existing
authorised capital subject to maximum of
Rs. 25 lakhs of stamp duty
Note: The Hon'ble High Court of Delhi at
New Delhi has held in the matter of S E
Investments Limited Vs Union of India
and Others [W.P. (c) 2393/2010 and CM
Appl.4794/2011] that there is no
provision in the Delhi Stamp Act for
payment of stamp duty on "increased
authorised capital”. Payment of stamp
duty for increase of authorised capital
being paid with filing of eForm No.5 with
respect to State of National Capital
Territory of Delhi is made optional.