11 June 2011
If i have issued capital of rs.100000(10000*10Rs. each share) having paid up value of Rs. 2 paid each share. And i want to increase my authorised capital to rs. 500000/- is then what would be the process? and which provisions will be applicable?
11 June 2011
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. 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 .
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.
11 June 2011
Thank you sir for prompt reply and sir one more question is there any provision for the company to make half paid capital fully paid up before increasing authorised capital?
CAclubindia
