Increase in Authorised Capital

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Querist : Anonymous

Querist : Anonymous (Querist)

09 November 2010 Please tell me in detailsthe procedure for increase in the Authorised Capital of a Company.

Thnaks

Aditya Maheshwari

Aditya Maheshwari (Expert)
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09 November 2010
Hi

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. Opt the option to pay stamp duty electronically along with ROC fee on Form-5 with concerned ROC.
6. Please attached altered MOA and AOA with the Form-5 filed with concerned ROC .
7. File physically MOA along with stamped form-5 with concerned ROC (if required).
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 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.

CA Sanat Pyne

CA Sanat Pyne (Expert)
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09 November 2010 AGREE WITH ADITYA JI,

YOU CAN ALSO VISIT THIS LINK FOR DETAIL CLARIFICATION

https://www.caclubindia.com/experts/increase-of-authorised-capital-479570.asp

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