Become a Govt. Certified GST Practitioner. Batch begins 18th Nov. Register Now!

how to increse authorised capital

VIJAY KUMAR (PCC STUDENT) (90 Points)

22 March 2010

Hi Friends can any body send check list for increse of authorised capital

i alresdy prepare form5 and form23.but i don't know which documents shall be attached please send me it' urgent

Reply
Follow
Share

5 Replies

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 22 March 2010

To calculate the fee for increase in authorised capital use MCA calculator available at the link below:

https://www.mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=15

For increase in AC Memorandum is required to be altered. For this you have to pass an ordinary resolution in the general meeting.

You have to file form-5 for increase in AC. With form-5 you have to attach altered MOA and certified true copy of shareholders approval.

You have to pay stamp duty on altered MOA along with ROC fee.

Regards

Upgrade to CAclubindia Pro. Subscribe Now!

VIJAY KUMAR (PCC STUDENT) (90 Points)
Replied 22 March 2010

Dear Sir,

ordinary resolution is sufficiant or can proceed to special resolution

palak (cs) (385 Points)
Replied 22 March 2010

FORM NO 5

ATTACH ALTERED M.O.A AND CERTIFICATE OF STAMP DUTY

AND

FORM NO 23

ATTACH RESOLUTION PASSED FOR INCR IN AUTHO CAPITAL

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 22 March 2010

Pass ordinary resolution u/s 94.

Increase in Authorised Share Capital of the Company

“RESOLVED THAT pursuant to the provisions of Section 94 and other applicable provisions if any of the Companies Act, 1956 (including any Statutory modification or reenactment for the time being in force) the Authorised Capital of the Company be increased from Rs. 50,00,000 (Rupees Fifty Lacs) to Rs. 20,00,00,000 (Rupees Twenty Crores) by creation of 1,95,00,000 (One Crore Ninety Five Lacs) new Equity shares of Rs.10/- (Rupees Ten) each ranking pari passu in all respects with the existing Equity Shares.

RESOLVED FURTHER THAT pursuant to the provisions of Section 16 and other applicable provisions if any of the Companies Act, 1956 (including any statutory modification or re-enactment for the time being in force) the existing Clause-V of the Memorandum of Association of the Company be and is hereby substituted by the following new Clause-V:

The Authorised Share Capital of the Company is Rs. 20,00,00,000 (Rupees Twenty Crores) divided into 2,00,00,000 (Two Croroe) Equity Shares of Rs. 10/- (Rupees Ten) each.