Increase of Authorised Capital
Easy Process & Transparent Fee
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.
- All India Service
- No Hidden Charges
- CA, CS & Lawyer Service
Let's Connect
Online Services
We offer more than 300 professional services, 100% Online, backed by an excellent customer support team.
Affordable
We offer high-quality & effective compliance services for Indian startups and MSMEs at a competitive fee.
4.8 Google Rating
On Google, our customers have rated our services at 4.8; we are working hard to retain clients' trust.
Fast Service Delivery
Faster delivery of the services is a priority for our team. We take customer support very seriously.
Table Of Content
Important Points on Increase of Authorised Capital
- This involves amendment of MOA
- AOA may also need to be amended
- Check ROC Fee om MCA Portal
- Board Meeting and EGM Required
Wondering How to Start a Business.
Our startup advisors are available to answer all your queries on the requirements, step-wise process, cost and the documents required to set up a business.
-
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.
More Question? A specialist is here to help
Call us at: +91 9899 600 605 or Email us: info@setindiabiz.com
Leading Brands Rely on Our Expertise
Leading Brands Rely on Our Expertise