increase paid up capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 June 2011
private company authorised capital Rs. 1 crores.
Paid up Capital Rs. 2 lakhs
Now I want to increase my paid up capital upto Rs. 70 Lakhs
What is the proceedure for it ?
Paid up Capital Rs. 2 lakhs
Now I want to increase my paid up capital upto Rs. 70 Lakhs
What is the proceedure for it ?
13 June 2011
You have to issue further share to increase your paid up capital. Procedure---
1) First convene board Meeting for allotment of equity shares and pass necessary resolution for allotment.
2) Whenever a company having a share capital makes allotment of its shares, it shall file a return of allotment with the concerned Registrar of Companies within a period of thirty days after the date of allotment. [Section 75(1)(a)]. File the return of allotment in e-form 2. e-form should be duly certified by Practicing CWA/CS/CA. Also attach the list of allottee.
1) First convene board Meeting for allotment of equity shares and pass necessary resolution for allotment.
2) Whenever a company having a share capital makes allotment of its shares, it shall file a return of allotment with the concerned Registrar of Companies within a period of thirty days after the date of allotment. [Section 75(1)(a)]. File the return of allotment in e-form 2. e-form should be duly certified by Practicing CWA/CS/CA. Also attach the list of allottee.
CA. Krishna K Neeraj
(Expert)
13 June 2011
For issue of shares to increase paid up share capital, the company need to follow following steps:
1) It should have share application money alongwith share application form
2) BOD meeting to be convene for allotment of shares
3) In BOD meeting , allotment of shares will be done through board resolution
4) File return of allotment in e-form 2 within 30 days of allotment of shares
1) It should have share application money alongwith share application form
2) BOD meeting to be convene for allotment of shares
3) In BOD meeting , allotment of shares will be done through board resolution
4) File return of allotment in e-form 2 within 30 days of allotment of shares
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