Increase in authorized capital.!

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Bhavesh (Querist)
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12 January 2013 IS SPECIAL RESOLUTION REQUIRED FOR ALTERING MOA (INCREASE IN AUTHORIZED CAPITAL) IF COMPANY IS FOLLOWING TABLE - A.
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Ajay Mishra

Ajay Mishra (Expert)
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12 January 2013 Hi

No, it is not mandatory, if Articles of Association is not altered. Please check your company article (share Capital clause) will be altered or not.

Ajay Mishra

Ajay Mishra (Expert)
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12 January 2013
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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