Increase in Authorised Share Capital
A uthorised Capital or Nominal Capital is the maximum share capital a company may issue to its shareholders. No company can issue shares more than authorised share capital. As business grows, its required more fund for growth and that requirement can be fulfilled by increment of Share Capital thats why company need to increase Authorised Capital.
Non Compliance of these provisions lead to hefty fine on the company and in some cases Directors may be personally liable for such non compliances.
We, Compliance Hands,a team of more than 50 qualified professionals like CA, CS, Advocates etc, having experience of more than 5 years of handling task like this and have completed more than 2000 projects. We ensure are the all the compliance on time and you can carry on your business without any hiccups.
- Procedure
- Documentation
Process of increase Authoried Capital:
1. Sending notice of Board Meeting
2. Conducting of Board Meeting & Passing of Board Resolution
3. Holding of General Meeting & Pass Ordinary Resolution
4. Filing of Form MGT-14
5. Alteration of MOA
6. Filing Form SH-7 for increase authorised share capital
Documents required for Increase Authorised Capital:
1. Notice of Board Meeting
2. Board Resolution
3. A copy of Altered MOA
4. Notice of General Meeting
5. Ordinary Resolution
6. MGT-14
7. Form SH-7
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Increase Authorised capital package included
- Drafting of Notice, Agenda, Notes to Agenda of Board Meeting
- Drafting of Board Resolution
- Drafting of Notice, Explanatory Statement of General Meeting
- Drafting of ordinary Resolution
- Preparing & Filing of MGT-14
- Alteration of MOA
- Preparing & Filing of Form SH-7
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