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Increase of authorised capital

akash agarwal (student) (85 Points)

07 March 2018

Can Someone share complete details for increasing the authrised capital of a pvt ltd company?

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4 Replies

Lathika Laxmi (70 Points)
Replied 08 March 2018

https://www.caclubindia.com/articles/procedure-for-increase-in-authorise-capital-under-ca-2013-21069.asp

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prachi maheshwari (127 Points)
Replied 08 March 2018

Check whether the company prima-facie authorised by the Articles of association to increase the share capital if it does not authorise the proceedings are to be completed with the objective of altering them.To convene the board meeting for enabling the board to call for extraordinary general meeting (if not passed at Annual General Meeting) to get approval from the shareholders for increasing the authorised share capital.Call for an extraordinary general meeting of the shareholders of the company by sending a notice with clear agenda, explanatory statements and the resolutions to be passed to alter the Memorandum of Association and Articles of Association which are to be altered for the purpose of increasing the authorised share capital.Pass the resolutions for increasing the authorised share capital of the company and corresponding alterations in Memorandum of association and Articles of Association by special resolution.Authorise the board to file necessary forms and resolutions with ROC having jurisdiction.Filing the e- form SH7 with Roc by paying the requisite fee.