Increase in authorised capital & issue of shares

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2012 Dear Sir/Madam,

I want to raise Share Capital of a Private Limited Company based in Mumbai from Rs.10CR. to Rs.60CR.
Please guide me on following queries:
1.What are the Stamp Duties, Registration fees, ROC Fees will be payable?
2.Please provide process for Increase and issue of Shares.
3.What will be the additional compliance applicable after such increase in share capital?

Ajay Mishra

Ajay Mishra (Expert)

15 June 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.

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