Section 61 of the Companies Act, 2013, mandates that for increasing the Authorised share capital, authorization in Articles of Association is a pre-condition.
15 September 2014
i also need information regarding forms for filing with roc in regarding alteration of AOA,and alteration of authorised share capital.???
File form SH-7 within 30 days of passing of Ordinary Resolution with the concerned Registrar of Companies, with prescribed fees and along with following attachments as desired by section 64: a. Certified True copy of Ordinary Resolution; b. Altered Memorandum of Association.
the status of my company is as follows: figures in balance sheet as on 31.3.2013 1) share application money (excess) collected from members not refunded for last 7 years....amounting 27 lakhs.
2)share application money (pending allotment) amounting 4 lakhs for past 7 years.
the authorised share capital of co is 5 lakhs of 1 lakh is already issued...
my decision is increase the authorised capital to (27 + 5)= 32 lakhs ..so that the amount cannot be refunded and not to paid in investors education fund ...
CAclubindia
