12 October 2009
plz provide me the Procedure for Increase in Authorised Share Capital of a limited Company.Which e form we have to filed in the office of ROC and what type of resolution to be passed.
Steps for increase in the Authorised Share Capital of the company :
1) To convene a Board meeting for deciding : a) The amount of Authorised share capital to be increased. b) The day, date and time of Extra Ordinary General Meeting for taking the approval of the members of the company.
2) To convene the Extra Ordinary General Meeting and to pass the ordinary/special resolution for the same.
3) To prepare form No.5 for increase in the Authorised Share Capital and Form No.23 for amendment of memorandum.
4) To pay stamp duty on form No.5. The amount of stamp duty is depending upon the Authorised share capital of the company.
5) To file the form No.23 & form No.5 with the Registrar of Companies within 30 days of passing the resolution.
CAclubindia
