Increase authorise capital of the company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2011 dear sir/madam

pls solve my following queries:

(1) pls briefly let me knw in brief the procedure to increase the authorise capital of the co., i.e. which resolution?which meeting? which form?

(2)pvt co. with a paid up capital of Rs. 20,00,000 should have minimum hw many directors?

(3)while launching new product do we need to have resolution for that to be shown in the minutes?????

pls its urgent...do reply

thanks

regards

tanveer ahuja

CA SUMiT PATWARi

CA SUMiT PATWARi (Expert)
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15 October 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 such form except signature of the concerned person.
5.Send Form-5 with concerned Treasurar for the stamping of the concerned if required by that State.
6.This stamped form attached with the Form-5 filed with concerned ROC along with altered MOA and AOA.
7.File physically MOA along with stamped form-5 with concerned ROC.
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 passing a 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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CA RICHA BADALIA

CA RICHA BADALIA (Expert)
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15 October 2011 1.)You have to convey a General Meeting and pass an Ordinary Resolution to increase the Authorised Capital.Pass Special Resolution, if Articles requires so.Form 5 is to be filed with ROC.You can log in to the site www.mca.gov.in for downloading the form.
2.)It should have minimum of 2 Directors
3.)You have to conduct a Board Meeting and pass a resolution for launching a new product.

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