dilshad ansari (C.A.Final) (53 Points)
14 April 2010Please tell me how to increase authorised share capital of a pvt ltd co. from 1 lakh to 5 lakh
what is the procedure and fees.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 14 April 2010
Find below the procedure
1) Convenue a board meeting to discuss the agenda and fix general meeting date for passing ordinary resolution of shareholders u/s 94.
2) Convenue general meeting on due date.
3) File e-form-23 only if increase in AC warrants change in articles along with explanatory statement u/s 173(2) within 30 days of passing the resolution.
4) File e-form 5.
5) File altered MOA and AOA (attach with form-5).
No physical submission is required now.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 14 April 2010
ROC Fee---12,000
Stamp duty---Rs. 600 @ .15%
Find attached a useful file.
Both the fee may be paid through challan generatetd during uploading of form 5.
RUPESH CHOUDHURY
(Student)
(484 Points)
Replied 14 April 2010
Dear Ankur Sir, are you sure stamp duty is applicable?I think it depends upon the state.kindly put some light on it..
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 14 April 2010
Yes yaar am sure. We have to pay stamp duty on increase in authorized capital as per state wise rates. If you find anything contrary plz let me know. Thanks
RUPESH CHOUDHURY
(Student)
(484 Points)
Replied 15 April 2010
Dear Ankur Sir,
I did filing works relating to Increase in authorized capital 2 times in my articleship in Chennai.even one recently..
But the stamp duty was never required.I just upoladed all e-forms along with notice,explanatory statement,minutes,list of directors and shareholders ,etc after that Challan is generated for ROC fees only.And the client pays it..thats it..the Authorized capital increases..
So now I wonder whether I had some lapse in the procedure..plz guide me..
uhegde
(Others)
(19 Points)
Replied 15 April 2010
Hi Ankur
If the increase is from 20L to 60L, the filing fees is 70,000 for the state of TN. Is there a stamp duty also applicable other than this amount ? Also how do i pay this amount ? Can we deposit in a bank or online payment is compulsary ?
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 15 April 2010
Yes Rupesh you are right.
Find attached herewith a very useful Stamp Duty chart.
RUPESH CHOUDHURY
(Student)
(484 Points)
Replied 15 April 2010
Thanks Ankur Sir,the file is of much use..
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