Increase in authorised and paid up share capital

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Querist : Anonymous

Querist : Anonymous (Querist)

07 March 2012 Dear Sir,

One of My clients need to increase its Authorised Share Capital from 15 00 000 to 22 50 000 and paid up capital from 1 lakhs to 22,50 000. <br> Also appointment of one more director in the company. <br> Can you please inform me about the procedures and formats and fees to be charges. <br> My e mail id is ankitdugar@gmail.com and number is 9323780721

Ajay Mishra

Ajay Mishra (Expert)
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10 March 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.

Regards

Ajay Mishra

Ajay Mishra (Expert)
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10 March 2012 Dear Friend

Appointment of Director

In this situation u can take the following route:

1. Convey a Board Meeting
2. In Board Meeting u first appoint additional director
3. Authorize new director to sign and file forms with MCA and other authorities.
4. File Form 32 of appointment of directors with concerned ROC and take approval from ROC.
5. Convey a Board Meeting for calling general Meeting for regularization of existing additional directors
6. File Form -32 regarding change in designation of existing director.

Regards

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2012 Hi Ajayji,

Should I first appoint Director and then increase the share capital?

Ajay Mishra

Ajay Mishra (Expert)
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11 March 2012 Hi

Yes, you can do so. You can first appoint director.

Querist : Anonymous

Querist : Anonymous (Querist)

13 March 2012 HI Ajayji,

Thanks for your help,

From the discussion I come to a conclusion that.

First I will appoint the Director

Second I will increase the Authorised Share Capital

Third I wil increase the Paid up capital,

So I will have to file the MOA & AOA Twice or what?

Can you just give me a steps to be followed for all the above three procedures and incase if you have the resolutions can you please share with me....

Ajay Mishra

Ajay Mishra (Expert)
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13 March 2012 Hi

1. Appoint Director.
2. File -32
3. Increase Authorised Capital
4. File Form-5 alongwith MOA & AOA
5. Increase Paid up capital
6. File Form-2 with ROC.

Regards

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