Originally posted by : venu
I want to know the procedure to increase the authorised share capital in my Restaurant Pvt. Ltd Co.,
Initially it is Rs 1,00,000/- with three promoters and they themselves are the directors.
To increase the Authorised Share Capital (ASC)
1. Conduct a Board Meeting ( BM) and pass resolution for increase in ASC.
2.Call for EGM by sending notice 21 days U/s 173 (2) or call at short notice - Form 22A
3. Hold EGM and get approval for ASC Increase
4. Modify the MOA / AOA .
5. File Form 23 With ROC within 30 days of EGM
6.File Form 5 , ( calculate the fees & stamp duty) for increased Authorised Share Capital.
7.Post approval of above your ASC stands changed .
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