setindiabiz

Increase of Authorised Capital of Company
The authorised capital of a company is the limit up to which it can issue shares. The process of increasing the authorised capital is 100% online and involves the approval of shareholders in EGM and payment of a fee to the ROC and Stamp duty.

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Increase Authorised Capital

It is essential to check if the Authorised Capital of the company is adequate for increasing the paid-up share capital of the company. To understand the meaning and difference of these terms, please click here learn more. We at setindiabiz makes your experience of increasing the Authorised Capital of the company and easy, fast and completely online process. For small companies (Capital up to 50 Lakh) and startups, we are offering our services for increasing the Authorised Capital @ Just Rs. 5999/-. The government fee and taxes on actual basis.

Important Points on Increase of Authorised Capital

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  • Obtain Board of Directors Approval for Increase of Capital of Company

    To decide on the new limit of the authorised capital, or say alteration of the capital clause of the MOA directors must meet in a legally convened board meeting. The notice sent to directors must contain the agenda of the meeting, and we suggest to include the proposed resolution so that the directors come prepared. We strongly recommend following the standards prescribed by ICSI in SS-1 for board meetings.

  • Convene an Extraordinary General Meeting (EGM) of Shareholders

    The next logical step is to seek approval of the shareholders of the company. The decision of shareholders can be taken only in a valid extraordinary general meeting. To convene an EGM, the directors must send notice to every shareholder of the company at least 21 clear days before the date of EGM. The notice of EGM must contain the agenda, draft of the proposed resolution to be passed as a special resolution.

  • Filing of Special Resolution to Roc in Form -MGT-14

    The special resolution means a decision taken by more than 75% voting rights. The special resolution once adopted in the EGM is then filed before the ROC for their approval. The certified copy of the resolution is filed in Form -MGT-14 with the prescribed fee within 30 days of the passing of the resolution. The altered MOA and the copy of the minutes of the meeting of EGM where the special resolution is passed need to be attached to the form.

  • Filing of application for Increase in Authorised Capital in SH-7

    Once the approval of the shareholders is obtained with the passing of the special resolution in the EGM, the authorised director shall file an application in Form SH-7 with the concerned ROC with attachments like the copy of altered MOA & AOA, Special Resolution etc. With the approval of the SH-7, the authorised capital of the company stands increased.

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Google Review of Setindiabiz, We are Lovin It

Shashi Kumar, March 07, 2020

Excellent service, Very cooperative, Especially Harish sharma's way of talking and understanding your query is extremely nice. Thank you setindiabiz team...See at Google

Arnab Chatterjee, March 05, 2020

Excellent service, prompt response. Very professional approach to the entire process. Special thanks to Neha who made it very easy for me....See at Google

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Pinky Singh, Feb 19, 2020

Registration took just one day to complete. Speed of execution is key to start new business and Setindia understands the needs of customers. Keep up the good work Rahul and Kuldeep...See at Google

Ram Singh, Feb 11, 2020

They are truly committed to their statements .Their work is also very quick and on time and they even treat their customers in a very polite manner everytime...See at Google

Nabendu Chakraborty, Feb 21, 2020

The executive person were incredible helpful and understanding of my views of situation and did everything they could to get me the Incorporation Certificate of our Company...See at Google

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I am very satisfied with the work. which Sana Parveen had done. really appreciate for the fast process and. access. thanks to setindiabiz and Sana Parveen...See at Google

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I have done my company registration at SETINDIABIZ along with TM and taken consultancy services for FDI . Services and guidance was given as per law and our work had done so smoothly that we never expected...See at Google

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I am very impressed with work delivery system of Setindiabiz & team. They're very much competent to guide any start Up in statutory compliance in CA,CS & legal and to grow their business...See at Google

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Ashu Pareta, Feb 26, 2020

Highly supporting system for new business.. thankyou SETINDIABIZ for providing every type of business related support to new in field like me...See at Google

Avinash Pareta, Feb 26, 2020

Thank to all team members of SETINDIABIZ ..Your customer support is really like Backbone... Special thanks to "Mr. Praveen Singh" who is proactive and always approachable whenever required. Thanks to all...See at Google

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Big thanks to Kuldeep, Shaily and folks at SetIndiaBiz for registering my company within 7 days. Everything was handled professionally, and I was always made aware via mail and phone of progress, even for smaller things... See at Google

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I appreciate your service and will surely recommend to my friends who are looking for registering their company . It was a excellent job done by you. All the best you are doing a great job... See at Google

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TSR REDDY, Dec 24, 2019

Very Good Service, Quick Qquality Work, Time completed, Low Cost Work, We be Happy. TSR ENGINEERING PVT LTD /Director. See at Google

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Interacted with Mr. Manav Gandhi for filing my gst returns. He was very courteous, polite and quick-to-action. Thank you for your service!...See at Google

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perfection, sincerity, on timing means SETINDIABIZ. contacted several companies for my work online and offline but couldn't get anyone to...See at Google

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Excellent services offered for Start Up Firms and also for existing companies. Hope SetIndiaBiz opens up more offices in Tier II cities and render their services.See at Google

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Excellent support from Manav Gandhi at SETINDIABIZ. He ensured to stay back in office till late night and complete our work at the earliest and provided a good support...See at Google

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Good work done by Mr manav gandhi ,he is more concerned about my work to be completed on time,loved his working.See at Google

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Best legal service provider and flexibility in time commitment.All executives from sales to operations team: neha & Swati are really good in customer service.See at Google

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Great Experience. Thanks SETINDIABIZ and Mr. Manav for the proactive Customer care Services.See at Google

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I would like to mention that Set India Biz is one of the best professional company I have worked with. All team members are customer focused and helped us to incorporate...See at Google

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I believe with the relationship with SETINDIABIZ is worth value for money. Our account was managed by Proshanto and he has very proactive to support us in all phases of... See at Google

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Overall it is good Experience. Representatives are very active. They will walk you through each and every process. They will help you with the documentation. I ...See at Google

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Great service with understanding of budget and requirement of customer. A trustful firm for people who has basic knowledge of legal rules. Friendly team and super... See at Google

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I highly appreciate the managers and co-workers as they are highly committed to their work. All the reports, forms and correspondence are completed on time with no errors. See at Google

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I had very good experience of setting up my company. The team at SetIndiabiz are professional & understands need and executes at pace needed. I really appreciate & recommend. See at Google

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Setindiabiz is a Great Company for registration of PVT. LTD. , LLP or any other company. Their process is fast but due to Durga puja holiday my company is incorporated little bit late. See at Google

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I'm happy with the phone and the deal i got from the company. Speaking with the service team helped me get exactly what i was looking for. Especially Mr. Shubendu &... See at Google

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I have had a very good experience with them in incorporating my LLP. Sana Parveen from Delhi office has been very helpful and very much approachable, she ...See at Google

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GOOD COMPANY FOR DEALING WITH STARTUPS ESPECIALLY FOR DOCUMENTATION AND REGISTRATION. ON TIME ACTION AND POSITIVE RESULTS. ...See at Google

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REALLY FAST AND PROMPT SERVICE.VERY GOOD EXPERIENCE OF SETTING UP ALL THE REQUIREMENTS WITHOUT ANY HINDERANCE. .THANKS TO THE TEAM ESPECIALLY MR. PUNDREEK PANDEY AND ...See at Google

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