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Sh-7

CA Pratibha Sharma (ACA, ACS) (357 Points)

26 February 2015

One of my client has not yet filed SH-7 for increasing the authorised capital from Rs. 70lacs to Rs. 1Cr.. instead of that Client has filed MGT-14. please suggest.... whether MGT-14 is required or not to increase the authorised capital? Sh-7 will be filed or not? ...

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Avneesh Mishra (CS Trainee) (502 Points)
Replied 26 February 2015

Notice to registrar in case of any alteration in Share Capital is must.

You have to check the provisions of AOA first and then only subsequent change in MOA is possible and for that MGT 14 is a mandate.

Coming down to SH-7, pls refer section 64(1) and rule 15 of Share Capital & Debenture Rules 2014. The section clearly talks about filing of form with the registrar within 30 days of such alteration.

Hence it suffice your purpose.

Regards,
Avneesh Mishra