13 January 2014
What are the procedure for increasing authorised share capital? Please provide step by step process?
1. The Company is a private limited company inorporated in dec-2013 withe authorised share capital of Rs. 1 lac now it is to be increased to Rs. 28,00,000/- fully equity shares only.
13 January 2014
First you need to find out provisions of MOA and AOA. In case, capital of the company is as per Clause V of MOA you can do the capital increase by passing ordinary resolution
For which you need to alter clause V of MOA by Convening EGM and passing Ordinary resolution
Change MOA Clause V for capital clause (new capital of Rs. 28 Lacs)
Then file Form 5 for increase in capital (with amended MOA as attachment) and paying differential stamp duty (For additional Rs. 27 lacs)
In case change in capital involves alteration of AOA, then it can be done with special resolution. File that resolution in Form 23 which will generate its own SRN
Then follow the procedure mentioned above for filing Form No 5 quoting the SRN of Form No 23
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