23 September 2010
Yes, a Ltd company may increase its issued capital and paid up capital by issue further equity shares up to the limit of its authorised capital.
For further allotment of equity shares Return of allotment is required to be submitted u/s 75 by filing form-2 with concerned Registrar of Company.
Procedure
1. First convene Board Meeting for allotment of equity shares and pass necessary board resolution for allotment. 2. Download form-2 from MCA Site www.mca.gov.in 3. Fill form-2 and attach list of allottee. 4. Get form-2 certified from practicing CS/CA and upload the same on MCA Site.
For allotment of shares board resolution is enough.
sir i want to also increase paid capital of the company so wile filing form 5 should i select special resloution and in form 5 i should only attach moa?
Regards, Karan S Jounkani Ca PCC Student 9320363535 karanjounkani@gmail.com MUMBAI.
Considering your expertise and experience, will like to know following: 1) What are the factors a pvt limited co must keep in mind while increasing its authorised capital & 2) What is an adequate authorised cap as per you.
Along with increase in authorised capital, many other provisions/factors are attracted, for eg;
1) Stamp duty 2) Applicability of Caro 3) Appointment of Co secretary 4) shift from Small & Medium Companies to non-SMC 5) applicability of Accounting standards 6) Losing its identity as pvt co, etc