Incorporation authorised capital
This query is : Resolved
31 January 2013
Dear Experts,
Kindly Guide me the following case.
We filed Form 1A with Authorised Capital Rs.1000000.
Can We change the Authorised capital of Proposed Company into Rs.1500000 in Form 1.
Thanks in advance.
Dear Experts,
Kindly Guide me the following case.
We filed Form 1A with Authorised Capital Rs.1000000.
Can We change the Authorised capital of Proposed Company into Rs.1500000 in Form 1.
Thanks in advance.
31 January 2013
Procedure for Increase in Authorised Capital of a Company
Increase of Authorized Share Capital - Procedure
1. Check the Articles of Association of the company to see whether necessary authority/powers is there to increase the authorised share capital of the Company.
2. Issue the Board Meeting notice and Convene the Board Meeting to decide about the increase and to fix up the date, time, place and agenda for convening a General Meeting for passing of an Ordinary Resolution or Special Resolution, if so required by the Articles, for the same.
3. Issue notices in writing at lease 21 days before the date of the meeting for the General Meeting with Explanatory Statement as required under Section 173 of the Companies Act 1956.
4. Hold the general meeting and pass the necessary resolution with required majority.
5. File the Form No. 23 within 30 days for the Special Resolution passed at the General Meeting.
6. File form 5 with the annexures the notice and board and general meeting resolution and make payment for the stamp duties online.
With the approval of the form 5 the change in authorised capital will get effected and can be checked at www.mca.gov.in/MCA21.
Note: the above mentioned form 23 and form 5 is available at the Ministry of Corporate Affairs website www.mca.gov.in/MCA21
Increase of Authorized Share Capital - Procedure
1. Check the Articles of Association of the company to see whether necessary authority/powers is there to increase the authorised share capital of the Company.
2. Issue the Board Meeting notice and Convene the Board Meeting to decide about the increase and to fix up the date, time, place and agenda for convening a General Meeting for passing of an Ordinary Resolution or Special Resolution, if so required by the Articles, for the same.
3. Issue notices in writing at lease 21 days before the date of the meeting for the General Meeting with Explanatory Statement as required under Section 173 of the Companies Act 1956.
4. Hold the general meeting and pass the necessary resolution with required majority.
5. File the Form No. 23 within 30 days for the Special Resolution passed at the General Meeting.
6. File form 5 with the annexures the notice and board and general meeting resolution and make payment for the stamp duties online.
With the approval of the form 5 the change in authorised capital will get effected and can be checked at www.mca.gov.in/MCA21.
Note: the above mentioned form 23 and form 5 is available at the Ministry of Corporate Affairs website www.mca.gov.in/MCA21
31 January 2013
Dear AYUSH,
The Company is in the process of incorporation.
The Company is in the process of incorporation.
31 January 2013
The above procedures are applicable for existing companies..
My question is
1) we are in the process of incorporation.
2) We got the name approval by filing form 1A.
3) We mentioned Rs 1000000 as Authorised capital of Proposed company in Form 1A.
Now can we change the authorised capital into Rs 1500000...?
My question is
1) we are in the process of incorporation.
2) We got the name approval by filing form 1A.
3) We mentioned Rs 1000000 as Authorised capital of Proposed company in Form 1A.
Now can we change the authorised capital into Rs 1500000...?
31 January 2013
Yes, You Can Change.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- TDR receipts for agreement holder
- Inventory of finished goods
- Filing of Form 10BB instead of Filing Form 10B
- Company Incorporation - CA and directors signing from different states
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Confusion around Form 26QB fields
- Intimation wrongly states taxpayer has offerred u/s. 44ad & states probable resolutiton to do audit
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
