PROCEDURE FOR INCREASE IN AUTHORISED SHARE CAPITAL OF A COMPANY

INCREASE OF AUTHORISED SHARE CAPITAL PROCEDURE

  • Check the articles of Association of the Company to see whether necessary authority/ powers is there to increase the authorized share capital of the Company.
  • Issue the Board Meeting notice and convene the Board Meeting to decide about the increase and to fix up to date, time, place and agenda for convening a General Meeting for passing of an Ordinary Resolution, by the Articles for the same.
  • Issue Notice of EGM alongwith Explanatory Statement 21 days before the date of the meeting.
  • Hold the General meeting and pass necessary resolution with required majority.

Filing of Form

  1. Form SH-7 is required to be filed for Increase in Authorised Share Capital

Attachments of Form SH-7

  • Board Resolution passed by the Company.
  • Notice of EGM Explanatory Statement
  • Resolution passed in the Extra Ordinary General Meeting,
  • Altered Copy of MOA.

Note: Clause No 5th is required to be altered in the Memorandum of Association.

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Category : Company Law (3706)
Type : Articles (16240)
Tags : Companies Act (2171) Companies Act 2013 (1944)

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