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Increase in Authorised Capital

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RS.2,999 +Taxes* ONWARDS

  •    Increase in Authorized Share Capital
  •    Ideal at the time of expansion



Increase in Authorised Capital

The authorised capital of a company concludes number of shares a company can issue to its shareholders. It might be required for issuing new shares and indcuting more capital into the company. The early approved capital of the company is mentioned in the memorandum of connotation of the company and is usually Rs. 1 lakh. The approved capital can be increased by the company at anytime with shareholders approval and by paying additional fee to the registrar of companies. To begin the process for increasing approved capital a resolution must be passed by the Board of Managers. In the Board Determination, approval must be providing for increasing the certified capital of the company and making the compulsory changes to the MOA and AOA of the company.

Reasons to Increase in Authorized Capital

Process for Increase in Authorize share Capital

Authorisation in Article is must for Increase

    For Increase in Approve Share Capital, the company has to make sure that its Courses of Connotationcover a provision approving it to increase its approved share capital. Purpose being Division 61 of the Companies Act, 2013, commands that for increasing the Approved share capital, approval in Articles of Connotation is a pre-condition.

  • Company has to make sure that its Courses of Connotation contain a provision approving it to increase its approved share capital.
  • So first check whether there is allowing provision in the Apprenticeships of Connotation regarding increase in approved share capital.
  • If there is no such facility then the company has to take steps for amendment of its Articles of Association in harmony with the provision of Section 14 of the Companies Act, 2013, so as to insert the articleallowing increase in the Approved share capital of the Company.

Calling of Board Meeting

    Issue notice in accord with the necessities of section 173(3) of the Companies Act, 2013, for assembling a meeting of the Board of Managers. Main plan for this Board meeting would be:

  • To get in-principal authorization of Managers for Increase in approved share Capital;
  • Fix date, time and place for property Extra-ordinary EGM to get authorization of stockholders, by way of CommonplaceResolve, for alteration in approved share Capital clause of Memorandum of Connotation. This alteration in authorised share Capital clause of Memorandum of Overtone shall be in accord with the prerequisite of section 61 of the Companies Act, 2013;
  • To agree notice of EGM along with Program and DescriptiveSpeech to be occupied to the notice of General Meeting as per section 102(1) of the Companies Act, 2013.

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