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INCREASE IN AUTHORISED SHARE CAPITAL (Corporate Law)

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This query is : Resolved



( Author )
10 December 2010

WHAT IS PROCEDURE TO INCREASE AUTHORISED SHARE CAPITAL & WHAT DOCUMENTS ARE REQUIRED TO BE SUBMITTED WITH ROC & UNDER WHICH FORM NUMBER?


Ajay Mishra

( Expert )
10 December 2010

Hi


Procedure for increase in authorised capital of the company


1. Convene a Board Meeting after issuing notices to the directors of the company to decide about the increase and to fix the date, time, place and agenda for convening a General Meeting.
2. To pass an Ordinary Resolution (Special Resolution if so required by articles) for the same.
3. Download Form -5 from www.mca.gov.in
4. Fill the details required such form except signature of the concerned person.
5. Opt the option to pay stamp duty electronically along with ROC fee on Form-5 with concerned ROC.
6. Please attached altered MOA and AOA with the Form-5 filed with concerned ROC .
7. File physically MOA along with stamped form-5 with concerned ROC (if required).
8. After approval of Form-5 from ROC make necessary changes in MOA and AOA and in all other papers and documents.

If you are increasing Authorised Capital by Special Resolution or also change in Article of Association it is required to file Form 23 with concerned ROC within 30 days from the date of passing such resolution.



Regards


udit sharma

( Expert )
10 December 2010

Agreed with expert Ajay Sir!


Jayashree S Iyer

( Expert )
10 December 2010

Procedure to increase authorised share capital:

1) Chekck whether your AOA authorises the increase in the share capital. If not alter the AOA by passing Special Resolution.
2)Convene the Board meeting to decide about the increase in ASC and fix the date of Extraordinary General Meeting and authorise the director / CS to issue notice of EGM with explanatory statement u/s.173(2)
3) Issue notice of EGM in writing atleast 21 says before the date of meeting with explanatory statement u/s.173(2)
3) Hold the EGM on the convened date and pass Ordinary Resolution (Special Resolution if the articles provide so)
4) If SR is passed File Form 23 alongwith altered MOA & AOA
5) File Form 5 for increase in ASC and pay the registration fee for the increased ASC.
6) Make necessary changes in all MOA and AOA.
7) If shares are listed then forward copies of the notice and proceedings of the EGM to the Stock Exchange.


cataruman

( Author )
10 December 2010

THANKS Ajay sir, Jayashree & udit sir
I have searched www.mca.gov.in but i m not able to find form 5. please tell me exact location in that site so i can easily download it.


udit sharma

( Expert )
10 December 2010

Hi..

1. Go to www.mca.gov.in

2. On the right side of the screen, click on the MC21 Services, just above LLP Services,

3. a new window opens,

4. On the left of the screen, click download E- Forms,

5. Press ctrl+f and type Form 5 you will get the form.

or go directly to this link.

http://www.mca.gov.in/MCA21/dca/downloadeforms/Download_eForm_choose.html

God Bless

Udit Sharma


cataruman

( Author )
10 December 2010

thanks Udit sir.


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