logo
. . .

Increase in Authorized Share Capital

The maximum limit of share capital up to which a company can issue its share to shareholders is known as authorized capital. A company is not authorized to issue paid-up capital beyond authorized capital. If the company proposes to issue shares beyond aut

0

Satisfied Customers

0

Global Business Setups

0

Professionals (CA,CS, Lawyers)

0

Offices

[ Rated 4.9 Stars By 7863+ Customers Globally]
Slider One

Introduction

The maximum limit of share capital up to which a company can issue its share to shareholders is known as authorized capital. A company is not authorized to issue paid-up capital beyond authorized capital. If the company proposes to issue shares beyond authorized share capital amount, if do so then it has to increase the authorized share capital after fluffing the particular compliance.

For increasing authorized capital company has to follow the provisions led down under section 61, section 13 and section 64 of the company’s act 2013.

Process of increasing authorized capital of a company:

➲ Article authorizes for this: Article of the company must contain the provision related to the increase of authorized capital. Means article must allow for increasing the share capital of the company. If the company article doesn’t have such provision then the first step is to amend the article of the company and add such provision.

➲ Commence Board meeting: Pass resolution for:

  1.  increasing the authorized capital of the company
  2. Fixing date for commencing EGM to get approval from shareholders
  3. To approve notice and agenda for EGM

➲ Issue Notice of EGM: send notice to all the shareholders of the company including directors and auditor of the company at least 21days before the EGM date

➲  Commence EGM: hold EGM on the due date and passing an ordinary resolution under section 61(1)(a) for increasing the authorized share capital

➲  File form SH-7: in within 30 days from the date of passing resolution company need to file SH-7 along with following attachments;

  1. EGM’s Notice
  2. True certified copy of the passed resolution

➲  Concerned ROC (registrar of the company ) will scrutinize the form and attachment and will approve for increasing authorized share capital

Forms

Filing date

SH-7

Within 30 days from passing such resolution

  

  • STAGE 1

    CONNECT WITH US

    We are just a call or message away!

    Call or WhatsApp us on +91-99991-39391 for free consultation from our team of experts. You can also email us on [email protected].

  • STAGE 2

    PROCESS AND DOCUMENTATION

    Your consent is essential!

    We share the detailed and reasonable estimated costs, documents and prerequisites for the complete process before starting the process to ensure transparency.

  • STAGE 3

    SHARE YOUR DOCUMENTS

    We ensure timelines are met!

    Our team warrants hassle free documentation. We collect the necessary documents and share the relevant drafts to ensure a timely filing and delivery.

  • STAGE 4

    PROCESSING AND UPDATE

    Precision is our speciality!

    Upon collecting the necessary documents and information, we waste no time in preparation and filing of your application. development on your application is brought to your attention.

  • STAGE 5

    SUCCESSFUL COMPLETION

    We deliver what we commit!

    On successful completion of the case we share all the relevant documents electronically and physically along with an assurance to pay you back if something is wrong.

Request A Callback
Related Services

Expert Legal Advisory Our Customers Love

Bespoke advisory focused on mission critical legal, financial and business aspects.

server room

Trusted By Clients And Industry Experts

At Corpzo, our clients’ success stories speak volumes. Discover how businesses across various industries have leveraged our expertise to achieve their goals. Read firsthand accounts of our commitment to excellence and the impact we've made in supporting their growth and compliance needs.

Empowering You with Expert Insights and Knowledge

At Corpzo, we are dedicated to empowering our clients with valuable knowledge and insights. Our team of experts regularly shares in-depth articles, comprehensive guides, and industry updates on Knowledge Varsity. Whether you're looking for the latest trends in alternative investment funds or need expert advice on navigating the complexities of drug licensing, our resources are designed to keep you informed and ahead of the curve. We believe that informed clients make better decisions, and our goal is to provide you with the expertise you need to succeed.

Explore CorpZo Insights
Let’s chat? - We're online
Corpzo Chat Now Corpzo Chat Image
Book An Appointent

Shabnam

From Mumbai Recently Purchased @Partnership Firm Registration