Procedure for Increase in Authorised Share Capital

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 5^th is required to be altered in the Memorandum of Association.

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