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Procedure for Increase in Authorised Share Capital

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.

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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Categories: Company Law

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