Procedure to increase in authorised capital

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 January 2012 Hello Sir

We wanted increased our company Authroised Capital kindly let me know what is procedure for the same & other statutory requirement

Thank in advance

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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31 January 2012 1. Hold Board Meeting for convening Shareholders Meeting for passing Ordinary Resolution in terms of Section 94 read with Section 97 of the Act. (Passing of Special Resoltuion is required, if alteration in the capital clause of AOA is required to be made);

2. Convene Shareholder meeting (EGM/AGM)and pass the required resolution;

3. File Form 5 with the Registrar within 30 days of the passing of resolution. Amended MOA/AOA required to be attached to form 5.

(Form 23 is required to be filed if special resolution is passed in the GM, otherwise not)

4. Make changes in all copies of MOA/AOA.

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Jiten Gupta

Jiten Gupta (Expert)
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01 February 2012 Agree with Expert..

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C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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16 February 2012 Expert has given you correct reply and I agree with him. Kindly follow his advise and accordingly change or increase the authorised capital of your company