Dear members
I want to know the procedure to increase the authorised share capital in my Restaurant Pvt. Ltd Co.,
Initially it is Rs 1,00,000/- with three promoters and they themselves are the directors.
4 Replies
SANTOSH SHAH
(Company Secretary)
(754 Points)
Replied 28 April 2011
| Originally posted by : venu | ||
 |
Dear members I want to know the procedure to increase the authorised share capital in my Restaurant Pvt. Ltd Co., Initially it is Rs 1,00,000/- with three promoters and they themselves are the directors. |
 |
Hi Venu
To increase the Authorised Share Capital (ASC)
1. Conduct a Board Meeting ( BM) and pass resolution for increase in ASC.
2.Call for EGM by sending notice 21 days U/s 173 (2) or call at short notice - Form 22A
3. Hold EGM and get approval for ASC Increase
4. Modify the MOA / AOA .
5. File Form 23 With ROC within 30 days of EGM
6.File Form 5 , ( calculate the fees & stamp duty) for increased Authorised Share Capital.
7.Post approval of above your ASC stands changed .
Other views Solicited
regards
Santosh Shah
CS Shivi Reddy
(COMPANY SECRETARY)
(175 Points)
Replied 28 April 2011
Form 23 is not required if only Ordinary resolution is passed. Only form 5 will do.
But if the increase in authorised capital requires change in Articles also den special resolution is passed. in that case form 23 nd form 5 both r required
regards
shivi
SANTOSH SHAH
(Company Secretary)
(754 Points)
Replied 28 April 2011
| Originally posted by : CS Shivi Reddy | ||
|
|
Form 23 is not required if only Ordinary resolution is passed. Only form 5 will do. But if the increase in authorised capital requires change in Articles also den special resolution is passed. in that case form 23 nd form 5 both r required regards shivi |
|
HI Shivi
I do agree with ur point. Form 23 only if Special resolution passed.
regards
Santosh Shah
(Guest)
Dear Venu,
For Increase in Authorized Share Capital....
> Propose For General Meeting of Increase in Authorized Capital in Board Meeting and give notice as per your Articles.
> In Case of Shorter Notice, 95% of Voting Power Should pass the resolution favoring the same.
> Hold EGM & Pass Resoln Favoring the Increase of Autho Capital & Modify your MoA - AoA
> File Form 23 & Get SRN
> With SRN of Form 23 and
> Calculate Stamp Duty ( If its applicable for that Particular State )File Form 5....
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