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Increase in Authorised Capital

senthil (consultant) (139 Points)

24 October 2010

Client is a Private Ltd Company now they want to increase their Authorised Capital and Paid up Capital.

Questions and other particulars:

1.Present Authorised Capital is Rs.3 Lacs, it should be Rs.5 lacs. What is the fee and procedures?

2.Present Paid up Capital is Rs.1 lac, it should be increased to Rs.3 Lacs. What is the fee and Procedures?

3.Present No.of Directors and Members is 2.

4. Date of Formation 16.11.2004

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3 Replies

Ajay Mishra (Company Secretary) (74337 Points)
Replied 25 October 2010

Procedure for increase in authorised capital of the company

1. Convene a Board Meeting after issuing notices to the directors of the company to decide about the increase and to fix the date, time, place and agenda for convening a General Meeting.

2. To pass an Ordinary Resolution (Special Resolution if so required by articles) for the same.

3. Download Form -5 from www.mca.gov.in

4. Fill the details required such form except signature of the concerned person.

5. Opt the option to pay stamp duty electronically along with ROC fee on Form-5 with concerned ROC.

6. Please attached altered MOA and AOA with the Form-5 filed with concerned ROC .

7. File physically MOA along with stamped form-5 with concerned ROC (if required).

8. After approval of Form-5 from ROC make necessary changes in MOA and AOA and in all other papers and documents.

If you are increasing Authorised Capital by Special Resolution or also change in Article of Association it is required to file Form 23 with concerned ROC within 30 days from the date of passing such resolution.