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.

Content is merely for sharing knowledge. For any queries, Author can be reached at kinnarimakwana11@gmail.com or 9773763430

Author Bio

Qualification: Other
Company: KIPO CORPORATE SOLUTIONS LLP / TAXBUSTER SOLUTIONS PRIVATE LIMITED
Location: MUMBAI, Maharashtra, IN
Member Since: 22 Aug 2017 | Total Posts: 17
She has more more then 6 years of experience working in same Industry. Has written various Article on Company Law. And does provide all the Secretarial / Compliance Service under one Proof. View Full Profile

My Published Posts

More Under Company Law

One Comment

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

December 2020
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031