Increase Authorized Capital
Need to Increase authorized Capital?
Increase authorized Capital Services Starting at Just Rs.3,499/- onwards (Inclusive of all Govt. Fees).
Procedure to Increase the Authorised Capital of a Company:
In order to increase your Authorised share capital of your company, it should be permitted by your Articles of Association. In short, the company should make sure that its AOA contains a provision authorising it to increase its authorised share capital.
If there is no such provisions, then the company has to make changes in its Articles of Association, so as to insert a clause enabling them to increase the authorised capital of the company.
The Board of Directors in their meeting approve the increase of authorised capital, and fix a date, time and venue for holding Extra-Ordinary General Meeting to get the approval of shareholders.
Notice has to be issued to the shareholders for conducting Extra-Ordinary General Meeting, also to the Directors and Auditors of the Company.
Hold the EGM on the due date and pass the necessary resolution for increasing the authorised capital of the company.
File Form SH-7 within 30 days from the date of passing the resolution with the Registrar of Companies along with the prescribed fee.
Success is doing ordinary things extraordinarily well.
Successfully Increase Capital
Issuing New Shares?
To Existing Promoters
If you are increasing the authorised capital and issuing new shares to existing promoters, a board meeting needs to be called and Form PAS-3 needs to be filed with the Registrar of Companies (RoC), intimating the allotment of shares.
To New Shareholders
Issuing shares to new shareholders is a complicated procedure, necessitating a valuation report from a chartered accountant.
Increase Authorized Capital
FAQ
What is Authorised capital?
The maximum value of securities that a company can legally issue. This number is specified in the memorandum of association, when a company is incorporated.
Can Authorise Capital alter?
Yes, Authorise Capital is alterable.
How to alter Authorise Share Capital?
Can be changed with shareholders' approval.
When the additional duty is levied?
After 30 days of passing ordinary resolution additional duty being levied upon the company.
How much is Additional charges?
- Up to 15 days = 1 time of normal filing fees.
- More than 15 days up to 30 days = 2 times of normal filing fees.
- More than 30 days up to 60 days= 4 times of normal filing fees.
- More than 60 days up to 90 days= 6 times of normal filing fees.
- More than 90 days up to 180 days= 10 times of normal filing fees.
- More than 180 days up to 270 days= 12 times of normal filing fees.
How can I do this through online with Businessgig India?
Just provide the soft copy of your companies MOA, AOA and certificate of Incorporation. We would complete all the documents and send you the draft as soft copy for approval. Once you are satisfied with the draft, kindly sign and send us the scanned copy of the same. All this can be done through online, where your time would be saved and paper works will be reduced.
How much time does it take to complete the process through online?
The time taken depends upon the response from your end. Normally if we are furnished with proper documents we could compete it within 10 days of time. If there is any complication or delay in providing the documents, the time taken for the process may vary.
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