Authorised share capital

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2012
Respected Experts,

IN CASE OF A NEWLY ESTABLISHED CO. , IF I WANT TO KEEP MY AUTHORISED CAPITAL RS. 15 LAC, WHAT SHOULD BE THE ISSED, SUSCRIBED & PAID UP CAPITAL. WHAT SHOULD BE THE TREATMENT WITH THE DIFFERENCE BETWEEN AUTH. & ISSUED CAPITAL.

THANK YOU.

Ajay Mishra

Ajay Mishra (Expert)

16 July 2012 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 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.

If you are not increasing the issued, subscribed and paid up capital then it will be same only authorised share capital will be increased up to 25 lakhs.

Regards

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