Increase Authorised Capital
This query is : Resolved
13 May 2010
I work for a software company based in Bangalore with current authorised capital of 10 Lacs, we want to increase it to 1 Crore. Please advise in detail the procedure, formalities, documents, cost factor and approx time duration.
Appreciate your valuable inputs.
Appreciate your valuable inputs.
13 May 2010
1) Ordinary resolution authorizing the increase in authorized share capital should be passed in the General Meeting.
2) e-form 23 along with explanatory statement should be filed with in 30 days from the date of passing the resolution.
3) e-form 5 has to be filed along with altered MOA and AOA.
2) e-form 23 along with explanatory statement should be filed with in 30 days from the date of passing the resolution.
3) e-form 5 has to be filed along with altered MOA and AOA.
13 May 2010
What would be the fees / cost involved and the time frame please.
13 May 2010
Fee for the same depend on exisiting authorised capital which you can calculate from MCA site from below link:
http://mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=15
http://mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=15
13 May 2010
1.Notice for calling Extra Ordidnary General Meeting for considering Ordinary Resolution for Increase in Authorised capital with explanatory Statment.
2. Passing of Ordinary Resolution in Extra Ordinary General meeting.
3. e-form 23 along with explanatory statement should be filed with in 30 days from the date of passing the resolution with Notice, Ordinary Resolution, Altered MOA & Altered AOA.
4) -form 5 has to be filed along with the Notice, Ordinary Resolution, altered MOA and AOA ( Normal fee and Stamp duty fee will be deposited with Form 5).
Total Time duration will 7 to 10 days for all work. It depends on fees deposited online or by cheque. If cheque 3 days extra for it.
2. Passing of Ordinary Resolution in Extra Ordinary General meeting.
3. e-form 23 along with explanatory statement should be filed with in 30 days from the date of passing the resolution with Notice, Ordinary Resolution, Altered MOA & Altered AOA.
4) -form 5 has to be filed along with the Notice, Ordinary Resolution, altered MOA and AOA ( Normal fee and Stamp duty fee will be deposited with Form 5).
Total Time duration will 7 to 10 days for all work. It depends on fees deposited online or by cheque. If cheque 3 days extra for it.
13 May 2010
For fees and stamp duty refer the link given by Mr. Aditya.
22 July 2010
iF ORDIANRY RESOLUTION PASSED IN EGM THAN THERE IS NO NEED TO FILE THE FORM NO. 23 FOR INCREASE IN CAPITAL
22 July 2010
Form 23 not mandatory but is advisable.
22 July 2010
BANSAL JI PLEASE CHECK YOUR REPLY.
AGREE WITH ADITYA JI & CORRECTLY POINTED OUT BY JOHRI JI THAT IN CASE OF ORDINARY RESOLUTION NO NEED TO FILE FORM 23.
AGREE WITH ADITYA JI & CORRECTLY POINTED OUT BY JOHRI JI THAT IN CASE OF ORDINARY RESOLUTION NO NEED TO FILE FORM 23.
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