Authorised Capital.

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CA.Ritu Agarwal

CA.Ritu Agarwal (Querist)
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18 April 2009 Please tell me the procedure to be followed for increasing the Authorised Capital of a public Company.

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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18 April 2009 Authorised capital may be increased by following the steps as per under:

Pass a special resolution to increase the Authorised Capital and authorise a director to sign documents in this regard.

File Form 23 for registration of the Special resolution with the ROC along with requisite fee as per Schedule X.

Pay stamp duty for increase in Authorised Capital and get the stamp duty endorsed on Form 5 alongwith the amended Memorandum and Articles of Association.

File Form 5 with ROC for increase of Authorised Capital. This form contains the particulars of Capital structure being revised.

Vipul J. Bhavsar

Vipul J. Bhavsar (Expert)
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18 April 2009 The procedure to be followed to increase the Authorised Share Capital of a Public Ltd company is as follows:
1) An Extra-Ordinary General Meeting (EOGM)should be convened to consider this issue.
2) The notice for this purpose should be sent to all the shareholders stating that the company intends to increase the Authorised share capital.
3) After passing a Special Resolution FORM-5 (for Increase in Authorised share capital) and FORM-23 (for passing a special resolution) should be submitted to the concerned Registrar of the companies.
4) The new Authorised share capital will be entered in the Memorandum of Association.

CA.Ritu Agarwal

CA.Ritu Agarwal (Querist)
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18 April 2009 please explain the provision of sec 209(3)(b)of the Companies Act 1956 relating to gratuity and leave encashment

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